Index Trends And Stocks In Action November 12, 2014
DSIJ Intelligence / 12 Nov 2014
The Indian market after a positive start and a subsequent fall into negative territory, ended with modest gains. Today’s up-move was led by Auto, Banking, Realty and Pharma stocks. Even the mid-cap and small cap stocks participated. The Nifty index continues to consolidate in tight range. But one positive takeaway from today’s trading session is that nifty has managed to close on higher end of the range. So this suggests that upward momentum will continue. However bulls needs to close above 8360 and if they manage to clear this level expect 8440. On downside 8280 will act as strong support.
The Indian market after a positive start and a subsequent fall into negative territory, ended with modest gains. Today’s up-move was led by Auto, Banking, Realty and Pharma stocks. Even the mid-cap and small cap stocks participated. The Nifty index continues to consolidate in tight range. But one positive takeaway from today’s trading session is that nifty has managed to close on higher end of the range. So this suggests that upward momentum will continue. However bulls needs to close above 8360 and if they manage to clear this level expect 8440. On downside 8280 will act as strong support.
TCPL Packaging (BSE Code: 523301) reported 219% increase in net profit at Rs 8.22 crore for the second quarter ended September 30, 2014. Its net sales in Q2 of the current fiscal were Rs 124.07 crore, increase 27%, compared to Rs 97.73 crore in the year ago period. The stock may remain in focus in today’s trade. EBITDA margin is increase by 181 bps points from 14.52% in Q2FY14 to 16.33% in Q2FY15. The stock may remain in focus in today’s trade.
Minda Industries (BSE Code: 532539) net profit zooms 4.99 times in Q2 FY15 to Rs 25.58 crore from Rs 5.12 crore in the same quarter last year. Net sales for the quarter rose 27.23% to Rs 347.03 crore, compared with Rs 272.8 crore for the prior year period. Earnings per share for the quarter stood at Rs 16.10, registering 5.02 times growth over previous year period. Panasonic signs JV (60:40) with Uno Minda for manufacturing automotive batteries in India. The JV is being set up to make batteries and cater to OEMs and as an aftermarket supplier for two-wheeler and passenger vehicle segment. The stock may remain in focus in today’s trade.
Bayer CropScience (BSE Code: 506285) posted a 52.02% increase in its net profit at Rs 176.10 crore for the second quarter ended of this fiscal on account of increase in income from operations. Total income from operations rose to Rs 1,241 crore in July-September quarter from Rs 1,050.40 crore in the comparable quarter year ago period. The stock may remain in focus in today’s trade.
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