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 share markets slip
Tue, 6 Nov 01:30 pm

As a result of selling in index heavyweights, Indian share markets pared initial gains and slipped into the red in the post noon trading session. Majority of the sectoral indices are trading positive with realty, pharma and FMCG stocks leading the pack of gainers. Auto, metal and capital goods stocks are among the few losers.

BSE-Sensex is down 11 points and NSE-Nifty is trading marginally down. BSE Mid Cap and BSE Small Cap indices are trading up by 0.4% and 0.2%, respectively. The rupee is trading at 54.6 to the US dollar.

Most of food stocks are trading in the positive led by Golden Tobacco Consumer and Sterling Biotech. Swiss FMCG major, Nestle expects emerging markets that include India and China to account for 50% of its global sales by the end of 2020. Currently, emerging markets account for 40% of Nestle's business. The company is upbeat about the long term potential of India and has been aggressively adding capacities to widen its product portfolio. Over the past five years, the company has spent Rs 28 bn in capital investments and in 2011 alone, investments crossed Rs 17 bn. The company will be inaugurating a global R&D centre at Manesar in Haryana. Reportedly, in 2011 Nestle clocked a turnover of 85 bn Swiss francs with contribution from India standing at 1.5 bn Swiss francs translating into less than 2% share. According to the company, innovation will drive growth in the developed markets whereas growing GDP and rising per capita income will be the growth driver in the emerging markets. Nestle stock is up 0.8%.

Majority of the large IT stocks are trading strong with Tech Mahindra and Mahindra Satyam being the biggest gainers. Gujarat Gas has announced results for the quarter ended September 2012. The company has reported a 29% year on year (YoY) growth in the topline during the quarter on account of better realizations on gas sales and sustained growth in certain market segments. During the quarter, more than 5,400 vehicles were converted to compressed natural gas (CNG) gas. In the piped natural gas segment (CNG), more than 7,000 households were connected to gas supply during the quarter. The net profits for the quarter registered a 24% YoY due to higher realizations on gas sales. As per the management, the company has optimized its gas sourcing portfolio. Currently, the company sources around 47% from imported LNG. Going forward, the management plans to focus on optimizing operating costs and building more gas pipelines and IT infrastructure for growth.

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 share markets slip". 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.