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

IT & engineering, top losers
Thu, 19 Dec 01:30 pm

After opening in the red on Fed's announcement to phase out quantitative easing, Indian share markets continued to trade weak in the post-noon trading session. Barring IT, pharma and metal, all the sectoral indices are trading in the red. Stocks from banking, capital goods and oil & gas are among the biggest losers on the stock market.

BSE-Sensex is down 156 points and NSE-Nifty is trading 50 points down. BSE Mid Cap is trading down 0.1% and BSE Small Cap index is trading down 0.2%. The rupee is trading at 62.3 to the US dollar.

Consumer product stocks are trading mixed with Gillette India and Bata India being among the major gainers whereas Kokyo Camlin and Godrej Consumer Products are leading among losers.  As per a leading financial daily, Hindustan Unilever has launched its premium basmati rice, Gold Seals Indus Valley Basmati Rice. This rice brand is already being exported to Middle East countries and will now be launched in select Indian cities through the modern trade channel. It is interesting to note that in the packaged foods category, the company had earlier reduced its presence in wheat flour and salt and withdrawn from the biscuit segment due to poor profit margins. Currently the company's packaged foods business comprises of Knorr soups, Kissan sauces and Kwality Walls ice creams. The food segment contributes 6% to HUL's overall revenues. HUL stock is currently trading down by 0.6%.

Indian pharma stocks are trading in green, with Wockhardt Ltd and Indoco remedies being among the leading gainers. Lupin Ltd has launched generic Trizivir tablets in US market. The company had received approval from USFDA for the said drug, a few days back. Trizivir is combination of Abacavir sulphate, Lamivudine and Zidovudine. Lupin is FTF (first to file) and hence entitled for 180-days exclusivity.  Lupin and the innovator of Trizivir were into litigation as Lupin intended to launch the drug before expiry of some patents. Recently, the company made the launch after the US district court gave favourable ruling for Lupin. The market size of the drug is $ 111 m and as Lupin's launch has low competition, this is expected to be good opportunity for the company. Lupin is currently trading up by 2.5%.

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 "IT & engineering, top losers". 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.