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

Consumer durable in limelight
Thu, 18 Dec 01:30 pm

Indian share markets continued to trade high in the post-noon trading session. All the sectoral indices are trading in the green led by consumer durable and power stocks.

BSE-Sensex is up 381 points and NSE-Nifty is trading 113 points up. BSE Mid Cap is trading 2.5% up and BSE Small Cap index is trading up by 2.9%. The rupee is trading at 63.30 to the US dollar.

All the auto stocks are trading positive with Ashok Leyland and Force motors being the biggest gainers. As per a leading financial daily, sliding yen is likely to benefit automobile companies such as Maruti Suzuki and Hero MotoCorp. Even auto ancillary companies will find importing Japanese machines, that are superior to the cheaper Taiwanese machines, more affordable. Companies such as Lumax Auto Technologies, Lumax Industries, Subros, Munjal Showa and Sona Koyo Steerings have higher proportion of Japanese imports and are expected to benefit from yen depreciation. The dual benefit of lower raw material cost as well as royalty outgo is expected to result in lower operating expenses for these companies. Maruti Suzuki stock is up 3.2%.

Majority of the steel stocks are trading in the green led by Tata Sponge and SAIL. As per a leading daily, Tata Steel has restarted producing iron ore from its mines in Odisha after a court order allowing them to operate until a hearing on 28th January. Tata Steel was asked to stop production from the two mines pending the renewal of leases. One other mine in Odisha is shut since May. The company mines 10 m tonnes of iron ore from the Odisha state. With court restrictions imposed on illegal mining in the past three years, the company was compelled to import iron ore for the first time in 107 years. The company is contemplating to open its biggest mine Noamundi with a 10 m tonne annual capacity in Jharkhand. The mine had stopped operations pending renewal of its lease. Tata Steel requires 20 m tonnes of iron ore annually to run its 10 m tonne steel plant in Jameshdpur. The company has purchased 3 m tonne of iron ore so far in FY15 mostly from overseas markets. However, high transportation costs remain a point of concern in case of imports. Tata steel stock is trading up 2.6%.

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 "Consumer durable in limelight". 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.