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

Mkts start the week on a flat note
Tue, 22 Oct 09:30 am

The Indian markets ended the day on a flat note today with the BSE-Sensex closing higher by about 11 points only. The NSE-Nifty ended higher by about 15 points or 0.3%. Stocks from the engineering and realty spaces were amongst the top gainers today, while those from the FMCG and information technology spaces were amongst the top losers. Midcap and smallcap stocks ended the day on a firm note with the BSE Mid Cap and BSE Mid Cap indices closing higher by 0.9% and 1.3% respectively.

Asian indices ended the day on a firm note with China, Hong Kong and Japan closing higher by about 1.6%, 0.4% and 0.9% respectively. The rupee was trading at Rs 61.52 to the dollar at the time of writing.

Stocks of financing companies ended the day on a firm note with IDFC, Mahindra Finance and Shriram Transport Finance ending the day on a firm note. Housing finance company HDFC announced its results for the quarter and half year ended September 2013 today. The company reported an 11% YoY growth in net interest income while net profits grew by 10% YoY during 2QFY14. The total loan book grew by 19% YoY, while the net interest margins (NIMs) contracted by a minor 0.1% to 4.1% At the end of the quarter HDFC’s capital adequacy ratio and gross NPAs stood at 19% and 0.8% respectively. The stock of HDFC ended higher by about 0.6% today.

Stocks of two-wheeler companies Bajaj Auto, TVS Motors and Hero MotoCorp all ended the day on a firm note. As reported in a leading business daily, Hero MotoCorp has finished testing its new engines and will be launching them in selected products next year. These are believed to be engines having capacities of 100 cc, 110 cc and 250 cc. It was not long ago when the company unveiled 15 new products that it plans on launching over a period of six months. These include a refreshed version of existing models. In addition to this, the company has targeted launching additional 35 products over a period three years. While Hero does have the rights to source engines from Honda till 2017, it seems the company is looking to make a full transition to using its own in house developed engines by 2016. For the same the company has put together an R&D team to evaluate consumer requirements in the home market coupled with technical tie ups with other global players related to designs and engines, amongst others. The company has invested Rs 4.5 bn towards an R&D centre near Jaipur, Rajasthan which is expected to be commissioned in early 2015. The stock of Hero MotoCorp ended flat.

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 "Mkts start the week on a flat note". 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.