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

Small, midcaps in demand today
Mon, 3 Nov Closing

The Indian stock markets ended the day on a flat note, after witnessing marginally volatility throughout the day. The BSE-Sensex closed lower by 5 points, while the NSE-Nifty ended higher by 2 points. While stocks from realty space were in favour today, those from the automobiles and consumer durables spaces were the top underperformers. Midcaps and smallcaps however outperformed their larger peers as the BSE Mid Cap and BSE Small Cap indices ended higher by about 1.1% and 1.3% respectively.

Stock markets in other parts of Asia ended the day on a mixed note with China closing higher by 0.4% while Hong Kong ended lower by 0.3%. The rupee was trading at Rs 61.42 to the dollar at the time of writing.

Auto stocks ended the day on a weak note with Mahindra and Mahindra and Hero Motorcorp leading the pack of losers. Two wheeler major Bajaj Auto's total sales volumes for the month of October 2014 remained flat as compared to last year. This was despite a 3% YoY decline in sales volumes of motorcycles. As such, it was the higher export sales volumes that helped in balancing out the effect of lower motorcycles sales. Export volumes stood at about 159,000 units as compared to 138,000 units in same month last year, a 15% YoY growth. This is the highest export figure clocked by the company. With this, exports formed about 42% of the total sales volumes currently as compared to 36% a year ago. Further, sales of three wheelers also rose by a third during the month. The stock of Bajaj Auto ended lower by 1.5% today.

Stocks of jewellery companies ended the day on a weak note with Titan Company, PC Jeweller and Tribhovandas Bhimji Zaveri Limited leading the losses. Titan Company had announced its results for the quarter ended September 2014 recently. The company reported a 57% YoY rise in revenues while profits rose by 29% YoY respectively during the quarter. The company's management shared its view on current market scenario as far as discretionary spending is concerned. It indicated that the improvement in consumer sentiment is not so visible in terms of consumer behavior as actual spending on the part of consumers has been low. The quarter was marked by the premature closure of golden harvest scheme and the big jump in sales was largely due to its customers preponing their gold jewellery purchases. Titan closed the day lower by about 3%.

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 "Small, midcaps in demand today". 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.