Index Trends And Stocks In Action November 10, 2014

The Indian market started the day on a jittery note as global cues were mixed on Friday. Profit taking took market to a low of 8290. However in second half market recovered and ended flat. Nifty on daily chart has formed doji candlestick pattern, in this pattern the market explores it’s both upward and downward, but cannot commit either way. After a long uptrend, this indecision manifest by the Doji could be viewed as speed-breaker or pause. Now going forward nifty will face resistance in range of 8360-8380. On downside 8280 will act as a major support, once this level is taken out expect market to dip up to levels of 8240.

Avanti Feeds (BSE Code: 512573) reported a 84% rise in net profit to Rs 34.18 crore in 2Q FY15 on the back of a 76.43% rise in total operating income. Total operating income posted of Rs 525.66 crore, up by 76.43% from Rs 298 crore in the corresponding quarter of the previous year. The stock may remain in focus in today’s trade.

TVS_Srichakra (BSE Code: 509243) reported a 215% rise in net profit to Rs 26.04 crore in 2Q FY15 on the back of increase in 329bps EBITDA margin from 7.24% in Q2 FY14 to 10.53% in Q2 FY15. Total operating income posted of Rs 491.27 crore, up by 18.13% from Rs 415.87 crore in the corresponding quarter of the previous year. The stock may remain in focus in today’s trade.

Coal India (BSE Code: 533278) reported over 28% fall in consolidated net profit to Rs 2,192 crore in Q2 FY15 due to higher expenses. The world's largest coal miner had clocked a profit of Rs 3,052 crore in the same quarter previous year. Its net sales increased marginally to Rs 15,677 crore from Rs 15,411 crore in the review period. Coal India's production increased by 5% at 102.42 million tonnes during the second quarter of this year, compared to 97.60 million tonnes. Offtake was 110.42 million tonnes compared with 109 million tonnes in review period. Coal India has ratified the first 1,600 MW (800 MW x 2) pithead thermal power project by its subsidiary Mahanadi Coalfields at a capital expenditure of Rs 11,000 crore for the foray into electricity generation by the world's biggest coal producer. The stock may remain in focus in today’s trade.

Finolex Cables (BSE Code: 500144) has posted a net profit of Rs 78.94 crore in Q2 FY15 as compared to Rs 79.98 crore in Q2 FY14. Total Income has increased from Rs 624.25 crore for the quarter ended September 30, 2013 to Rs 673.87 crore for the quarter ended September 30, 2014. The stock may remain in focus in today’s trade.

TVS Motor Company (BSE Code: 532343) is planning to set up a new engine manufacturing plant in Himachal Pradesh on an investment of Rs 150 crore, according to reports. The additional proposed investment will take the company's total investments in the state to around Rs 270 crore. With the new investments, TVS plans to double revenues within one year and will reach capacity of six lakh units. The stock may remain in focus in today’s trade.