Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

Cautious tone ahead of Sept results
Fri, 12 Oct Closing

Despite a mixed start to the result season, indices in Indian stock markets had a cautious undertone throughput the session today. Bluechip stocks HDFC Bank and Infosys kicked off the September quarter result season today, with the latter losing as much as 5% by the end of the session. While the BSE-Sensex closed lower by around 129 points, losses on the NSE-Nifty came in at around 32 points. The BSE Mid Cap and BSE Small Cap indices, however, bucked the trend and closed in the positive territory.

Asian indices closed a mixed bag today with Europe too trading in the negative currently. The rupee was placed at Rs 52.89 to the dollar at the time of writing.

HDFC Bank declared the results for the sedcond quarter of financial year 2012-13 (2QFY13). The bank has reported 22% YoY growth in total interest income and 30% YoY growth in net profits for the quarter. Net interest income grew by 27% YoY in 2QFY13 on the back of 23% YoY growth in advances. The bank's NIMs came in marginally higher at 4.2% at the end of 2QFY13. Meanwhile other income grew by a muted 11% YoY, with fees and commissions growing in excess of 22% YoY. However, the cost to income ratio came in higher at 49.4% in 2QFY12 against 48.3% in 2QFY12. Net NPA to advances remained stable at 0.2% of advances in 2QFY13 while the provision coverage ratio was at 82% at the end of September 2012. The bank is adequately capitalized with capital adequacy ratio (CAR) comfortable at 17%, Tier I CAR at 10.9% at the end of 2QFY13.

London based The Children's Investment Fund (TCI) has filed a law suit in the Kolkata High Court against directors of Coal India Ltd (CIL) for breach of their fiduciary duties. The hedge fund said failing to raise coal prices to market levels, the directors have cost CIL Rs 2.1 trillion loss in pre-tax profits since the state-miner's initial public offer. TCI estimates that, by the end of the current financial year, CIL will lose over Rs 87 bn in pre-tax profits due to reversal of the price increase of December 2011.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Cautious tone ahead of Sept results". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.