Stocks In Action: December 03, 2012

Bharti Airtel said, it is now looking for a partner for expansion in Africa. It has gained significant presence in various regions of Africa after it acquired Zain Telecom having failed to take control of MTN. Speculation about intentions to bid for Cell C or 8ta has been increasing on the street. Following this the stock of Bharti Airtel is likely to see an upward trend today.

State-run NALCO raised prices for all its products in the domestic markets by Rs 4500 per tonne, effective from December 01, 2013. NALCO last revised its product prices in November, when it had raised them by Rs 2500 per tonne. A hike in prices bodes well for the overall fundamentals of the company and hence could see the stock remain in focus and move up today.

Of late, there has been increasing speculation that promoters of the low-cost airline SpiceJet are attempting to reduce their stake in the company. Amidst this speculation and a consequent decline in the stock price, the principal promoter of SpiceJet, Kalanithi Maran, has decided to increase his stake in the company by 5% by infusing Rs 184 crore. This will provide some relief to the speculation-hit depreciating stock price of SpiceJet and lead to volatility with an upward bias in the stock today.

On December 01, 2012, Maruti Suzuki announced their monthly sales figures for November2012. These figures indicate a 12.45% increase in total sales of the car maker to 103200 units. In November 2012, the company had reported a total sale of 91772 units. This robust rise in demand was particularly on the back of s strong festive season demand combined with built up orders on account of the Manesar lockdown. This is likely to see the stock of Maruti Suzuki trade with an upward bias today.

TVS Motors too announced their monthly sales figures, with the number of vehicles sold in November 2012 coming down from 175535 units in November 2011 to 171837 units (down 2.11%). Although the festive season was expected to boost sales numbers for all automobile manufacturers, TVS Motors continued with the negative trend in its sales growth. All this will probably see the stock price of TVS moving down today.