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

Realty, IT stocks pull Sensex lower
Fri, 7 Dec 01:30 pm

The Indian markets slipped into the red zone during the post noon trading session. Stocks from the realty, IT and metal spaces led the pack of losers. However, those from the consumer durables, auto and capital goods spaces are still managing to find favour amongst investors.

The Sensex today is trading lower by about 50 points (down 0.2%), while the NSE-Nifty is trading lower by about 20 points (down 0.3%). Stocks from the midcap and smallcap spaces are trading flat with the BSE Mid Cap and BSE Small Cap indices up by about 0.1% each. The rupee is trading at 54.33 to the US dollar.

Stocks of engineering companies are trading firm led by Lakshmi Machine Works, Jyoti Structures and Punj Lloyd. As per a leading financial daily, capital goods major Bharat Heavy Engineering Ltd (BHEL) is seeking levy of duties on imported solar equipment to shield the domestic industry from cheap imports mainly from China. Currently there is no duty on imported solar power equipment. It is to be noted that the government recently imposed higher duty on imports of power equipment. BHEL has been grappling with fuel shortages impeding new projects. As part of diversification strategy, the company aims to invest Rs 20 bn for manufacturing solar equipment such as silicon wafer, solar cell and solar module. But this investment would be viable only if the threshold domestic demand is ensured.

Power stocks are currently trading weak with GMR Infrastructure, PTC India and Power Grid Corporation of India leading the pack of underperformers today. It is reported that India's largest power producer National Thermal Power Corp (NTPC) has borrowed Rs 6 bn from the Jammu & Kashmir Bank, making this its hundredth term loan in about thirteen years. This loan is believed to have tenure of 15 years. It would be utilised to part finance the capex plans of NTPC. NTPC currently has an installed capacity of 39,674 MW. About 16,000 MW of capacity is believed to be under construction. At the end of FY12, the total debt on the company's book stood at Rs 642 bn, while its net worth stood at about Rs 744 a debt equity ratio of about 0.86. The company's interest coverage ratio also stood at a comfortable figure of over 7 times during the year ended March 2012.

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 "Realty, IT stocks pull Sensex lower". 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.