Posts filed under 'FMCG'
The Indian stock markets closed the day in the red despite having made attempts to recover after the European markets opened. The SENSEX closed the day 16051.10 losing 110.96 or 0.69%. The NIFTY managed to hold above 4.8k mark and closed the day at 4835.40 down 32.35 or 0.66%. The Midcap and Small cap indices suffered a little more. The CNX Midcap closed at 7071.95 slipping 113.35 points or 1.58% while the BSE Smallcap is below the 7k mark and closed at 6923.41 losing 117.71 or 1.67%.
Earlier (Sep 26) almost all major Asian equity indices closed in the red. The US markets (Sep 23) had a marginally positive closing with Dow Jones closing in the green by 37.65 points at 10771.48. Nasdaq closed at 2483.23 up 27.56 points.
The metal stocks are the biggest losers today. Sterlite Industries is down 4.2%. Hindalco, Sesa Goa and Reliance Capital are down over 3% each. Hero Motocorp, GAIL, Axis Bank, Cairn India, Bajaj Auto and Jindal Steel are down over 2%.
On the gainers side are Jaiprakash Associates, Ranbaxy Labs and DLF (all up 2%), ICICI Bank, Ambuja Cements and Bharti Airtel (all up over 1%) amongst others.
Battery maker Eveready Industries India (BSE: 531508; NSE: EVEREADY; ISIN: INE128A01029) is in news today that it will sell the land held by it in order to pay debt. The company is planning to unload 60-70 acres in Delhi, Hyderabad & Bangalore. The script opened the day at Rs. 39, touched an intraday high of Rs. 40.60 and low of Rs. 35.30 and finally closed at Rs. 36.35.
Metal stocks had a shocker today because of more negative news for mining companies in regard to increased Governmental control, court rulings and environmental issues. Hindustan Zinc and Coal India are down over 5% each. Sterliate Industries is down 4%. Sesa Goa, Hindalco and NMDC are down over 3%. Jindal Steel and JSW are down over 2%.
Batlivala & Karani Securities in its annual report analysis report of Coal India dated September 20, 2011 has given a BUY call in the script. It gave a target price of Rs. 437 for the script and says there is a potential of 16% upside.
September 26th, 2011
Selling in the Indian stock markets continued for the third day ever since the RBI announced a 50 basis points hike and the weak global environment. The BSE Sensex opened lowered and continued to be battered in its every small attempt to recover. The Sensex closed the day at 18209.52 down 222.73 points. Metal and Realty continued to be the sectors causing the damage followed by Oil & Gas, IT and Banks. The Nifty closed the day at 5487.75 losing 59.05 points or 1.06% in trade today.
Top Nifty losers of the day include Reliance Infra, JP Associates, IDFC, Reliance Capital, Jindal Steel amongst others. The gainers pack include ITC, ACC, Ranbaxy, Grasim and Ambuja Cements. The gaining stocks are largely because of positive quarterly numbers announced by them today.
ITC (NSE Symbol: ITC; ISIN: INE154A01025; Industry: CIGARETTES) opened the day at 198.35, has hit intraday high of 207 and low of 198.35 to close the day at 206.50 up 5.60 or 2.79%. The company has beat street expectations with its net up 24% at Rs. 1330 crores.
HUL too joined ITC in reporting some good numbers. HUL announced its Q1 net is up by 18% YoY.
Bharatiya Global Infomedia Ltd (Scrip ID: BGLOBAL, Scrip Code: 533499) had a disastrous listing today. The script opened at 84 and quickly began losing ground only to close at 27.15. There are over 11 lakh shares in the selling queue at the closing time. The market might have been feeling that the pricing is rather a very high compared to its peer, Bartronic India Ltd, which is also in a similar business.
July 28th, 2011
Markets continue to remain volatile with Nifty currently at 3815.75 and Sensex at 13,061.73. BSE FMCG Index gained about 1.7%. ITC opened the day at 146.75 and is currently trading at 152.25. HLL is trading at 202.75 and is holding to stay above teh 200 mark.
IT and Banking stocks recovered a bit
March 30th, 2007
ITC Limited is planning a foray into snacks market and will be investing about Rs. 350 crores in the next three to four years as per a leading business daily. The ITC Foods Division has launched Bingo brand of snacks in 16 flavors. The company is planning to grab 25% of market share in this segment in four to five years time.
Currently, Lays and Kurkure dominate the modern snacks market while Halidrams dominate the traditional snacks market. Growing income levels and appetite for ready made foods by people living in urban regions would make the snacks market to be doing well in the next few years.
On the NSE, ITC closed yesterday at 142.90, opened today at 145.00 saw an intraday high of 150 and is currently trading at 149.10
March 15th, 2007
FMCG biggy ITC is trading positive and is currently at 169.9 in the Sensex up by2.85%
February 28th, 2007