Index Trends And Stocks In Action For February 14, 2014

Indian Equity market opened on negative note and witnessed a bulky selling to close around the technical level of 6000. From last few days it's consolidated a narrow range which is 6060-6110. On the yesterday's trading session it could not managed to recover from the lower level. Alternatively Nifty index saw massive selling at the level of 6050. On the lower hand 5970-5940 will be the immediate and vitals support levels. If its trades and sustain below these level bears may take a charge for further trade. After this respective vital support the doors will open for 5850 level which will give more pain for bulls.

Eicher Motors plans to invest Rs 600 crore in two years to ramp up production capacity of its motorcycle division Royal Enfield and also to develop new global platforms as well launching new bikes starting 2016. Royal Enfield is looking to complete work at its Oragadam facility in the next two years thereby taking the total capacity across the two plants to over 5 lakh units annually by 2016. It had produced a total of 1.78 lakh bikes in 2013.  The stock may remain in focus in today's trade.

Cera Sanitaryware reported a decline of 10% in net profit even as its topline grew 25% in the third quarter ended December 31, 2013 as compared to the corresponding period last fiscal. While the company sales income was Rs. 160.15 crores (Rs 128.02 crore), its net profit stood at Rs. 10.7 crore (Rs 12 crore). The stock may witness volatile trades in today's session.

Dr Reddy's Laboratories (DRL) is set to invest more than Rs. 1000 crore on capital expenditure in the next financial year. The drug maker spent Rs 230 crore towards capex during the third quarter ended on December 31, 2013 and expects to spend another Rs. 200 crore during the current quarter. The stock may remain in limelight in today's trade.