Money on the markets

L&T shares rise more than 2 pct

Shares in Larsen & Toubro gained 2.5 percent on Monday, helping Sensex post its 5th consecutive day of gains.

The stock ended at 1639.20 rupees and was the among top gainers of the 30-share Sensex.

“…we believe these near-term concerns are now priced in and the valuations are attractive,” UBS said in a note while reiterating its “buy” rating on the stock.

“In our view, L&T remains the key play on India’s structurally strong infrastructure growth story.”

Do you think it is the right time to invest in this counter?

Real estate companies end higher

Shares of real estate companies closed higher on Thursday as investors started accumulating some sector-specific beaten down stocks.

Property developer Unitech posted its best single-day gain in nearly 16 months, rallying 9.6 percent after JPMorgan upgraded the beaten down stock to “overweight” from “neutral”, citing cheap valuations, reasonable gearing, comfortable liquidity and high embedded land value.

The stock is still down nearly 39 percent this year.

The BSE Realty index was up 2.8 percent on Thursday, outperforming the benchmark index, which was up 0.8 percent.

Shares of Sobha Developers, Indiabulls Real Estate, Orbit Corp and Parsvnath Developers were up between 4 and 6 percent on Thursday.

Do you think it is the right time to invest in the sector which has dropped over 20 percent so far this year?

Sugar companies end higher

Shares of sugar producers traded higher on Tuesday after industry sources said the government is likely to allow 200,000 tonnes of sugar exports — less than half a million tonnes permitted earlier.

The marked difference between domestic and international sugar prices and a likely positive impact on margins are lifting sentiment.

Shree Renuka Sugars ended 3 percent higher with Bajaj Hindusthan 2.5 percent, Simbhaoli Sugars 2.4 percent and Balrampur Chini Mills up 1.7 percent.

Shares in Renuka Sugars have dropped over 25 percent while that of Balrampur Chini have slipped over 18 percent so far this year.

Do you think sugar companies will be able to recoup losses as higher domestic prices will pressure margins?

BSE Auto index falls 2 pct

Auto stocks struggled in trade on Friday, as stocks like Exide Industries, M&M and Maruti Suzuki fell, pushing the sectoral index down 2 percent.

Exide Industries ended down 4.6 percent as the top loser in the auto index, followed by M&M which dropped 3.3 percent.

Maruti Suzuki shares fell nearly 1 percent while Tata Motors dropped more than 2 percent. The situation in Japan has been weighing on Maruti’s stock for some days now.

Do you think it is the right time to pick some stocks from the autos space?

BSE Oil & Gas index rises as crude oil eases

Shares in state-run oil marketing companies rallied on Friday as oil prices slid after a huge earthquake and tsunami swept Japan.

BSE Oil & Gas index ended 0.8 percent higher and was among the top performing sectors in trade while the broader index slipped 0.8 percent.

Bharat Petroleum Corp and Hindustan Petroleum Corp firmed 0.3 percent and 1.7 percent.

So far in 2011, the BSE Oil & Gas index has dropped over 7 percent mainly due to rising crude prices. Do you think the sector has further downside?

Acropetal Technologies debuts at premium

Shares in Acropetal Technologies, an outsourcing services company, listed on the BSE at a premium of over 44 percent over its issue price of 90 rupees per share.

The company intends to use issue proceeds for research and development and expansion purposes.

Acropetal Technologies closed 9.4 pct higher at 98.45 rupees with volumes of 45.3 million shares on BSE.

Would you like to invest in this counter?

Reliance Comm rises on tower deal report

Shares in Reliance Communication rose over 9 percent in trade today after a news channel reported that ATC has emerged as the highest bidder for the firm’s tower arm.

RComm ended 9.3 percent higher at 99.30 rupees and was the top traded stock on BSE. The firm was also the top Sensex gainer.

Reliance Communication after market hours said that it would see annual interest cost savings of more than 5 billion rupees after signing a final loan agreement with China Development Bank.

In 2011, Reliance Communications has slipped over 40 percent. Do you see further downside?

Tech Mahindra, Mahindra Satyam gain on Mahindra-Cisco deal

Shares of Mahindra group firm Tech Mahindra jumped 9.26 percent to 739 rupees, while outsourcer Mahindra Satyam rose 3.7 percent to 64.90 rupees after an agreement between Mahindra group and Cisco Systems was announced.

Mahindra group is partnering with U.S. telecom equipment maker Cisco Systems to provide a range of services including cloud computing.

For the year, Tech Mahindra has fallen over 25 percent while Mahindra Satyam rose over 20 percent.

Do you think there will be more upside for Mahindra Satyam after the Cisco alliance?

Reuters India Market Wrap

The BSE Sensex posts its best weekly gain since November. Gautam Srinivasan reports.

Click here for full story

Capital goods stocks rise

The BSE Capital Goods index rose 2.35 percent on Thursday, with stocks like Punj Lloyd and BHEL posting smart gains.

Punk Lloyd closed 4.7 percent higher, BHEL gained 3.3 percent and L&T ended up 3.2 percent.

Shares in L&T have gained nearly 10 percent this week, on optimism of higher order flow.

Do you think it is the right time to invest in this sector?