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

Indian equity markets slip in red
Mon, 28 Oct 01:30 pm

The Indian markets have lost their morning gains and are trading in red during the post noon trading session. Majority of the sectoral indices are trading in red with FMCG and metal stocks being the leading losers. Stocks from Capital goods and Oil and gas sectors are among the leading gainers

BSE-Sensex is down by 3 points and NSE-Nifty is trading down by 6 points. While BSE Mid Cap is trading down by 0.25%, BSE Small Cap index is trading down by 0.11%. The rupee is trading at 61.53 to the US dollar.

Most of the Cement stocks are trading in red with, Birla Corp and Mangalam cement leading among the pack of gainers. Shree cement announced results for the quarter ending September 2013. Standalone net sales declined by 3.8% YoY on account of poor cement demand and poor realizations. The operating expenses increased resulting into decline in operating profits and thus the margins. The operating profits declined by 36.1% YoY, thus operating margins contracted from 30.1% in 1QFY13 to 20% in 1QFY14. At the bottomline level, net profits decline by 24.5% YoY during the quarter. Decline in tax expenses helped the bottom line to some extent. The tax expenses for the quarter declined by 88.9% YoY.

Majority of the FMCG stocks are trading in the green with Emami and Hindustan Unilever (HUL) being the biggest gainers. However, Colgate and Kokuyo Camlin are among the few stocks trading in the red. FMCG behemoth, Hindustan Unilever Ltd (HUL) declared its second quarter results for FY14. The company posted a 9.2% YoY growth in revenues during the quarter. The domestic consumer business grew by 10% YoY driven by an underlying volume growth of 5% YoY. Among product segments, each of the beverage & personal care product segments registered double-digit growth during the quarter. The largest product segment, soaps & detergents grew by tepid 6% YoY due to price reduction in soaps taken earlier. The company managed to improve operating margin slightly by 0.2% to 15.7% as input cost savings were partly neutralized by higher ad-spends (both as a proportion of sales). Excluding the impact of exceptional income, net profit grew by 9.3% during the quarter. The company has declared an interim dividend of Rs 5.5 per equity share of face value Re. 1 each for FY14, translating into a dividend yield of 1%.

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 "Indian equity markets slip in red". 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.