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

Mid, smallcaps in favour today
Mon, 26 Nov 01:30 pm

The Indian markets moved higher above the dotted line during the post noon trading session. Buying activity is being witnessed in stocks across the board barring those from the consumer, banking and auto spaces. Stocks from the consumer durables and metal sectors are leading the pack of gainers.

The Sensex today is trading higher by about 40 points (up 0.2%), while the NSE-Nifty is trading higher by about 10 points (up 0.1%). Stocks from the midcap and smallcap spaces are trading firm with the BSE Mid Cap and BSE Small Cap indices up by about 0.8% and 0.9% respectively. The rupee is trading at 55.66 to the US dollar.

FMCG stocks are currently trading firm with GSK Consumer, United Spirits and Britannia leading the pack of gains. As per a leading financial daily, parent company GlaxoSmithKline (GSK) has announced an open offer to buy shares in the listed Indian subsidiary GlaxoSmithKline Consumer Healthcare Ltd (GSKCH). According to the offer, GSK wants to acquire 13.4 m shares at a price of Rs 3,900 per share. Post the offer, parent GSK's stake in GSKCH is set to rise from 43.2% to 75%. The current SEBI regulations require a minimum public shareholding of 25% for a company to maintain a public listing. The offer period is likely to commence in January 2013. GSK has said that this buy-out represents a further step in the company's strategy to invest in the world's fastest growing markets. The stock of GSKCH is up by 20% today.

Auto stocks are currently trading firm with Ashok Leyland, TVS Motor and Tata Motors leading the pack of gainers. A leading business daily has reported that auto maker Mahindra and Mahindra is competing with an Italian buyout firm named Investindustrial for a stake in British luxury sports car maker Aston Martin. The Economic Times has reported that M&M has emerged as a frontrunner to become a strategic investor. It may however be noted that the same was not an official statement from the company. Aston Martin is currently owned by a Kuwait-based finance firm Investment Dar. Investment Dar acquired this company from Ford Motors for US$ 767 m in 2007. As reported, it is believed that M&M may pick up a 40% stake initially at a cost of US$ 190 to 320 m, and could raise it by another 10% over the next four years. M&M's stock is trading lower by about 2%.

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 "Mid, smallcaps in favour 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.