Index Trends And Stocks In Action October 30, 2014

The Indian market continued its upward march ahead of F&O expiry on Thursday. The realty stocks led from the front followed by Metals, Auto, IT and Oil & gas stocks. On other hand, Pharma and banking sectors which led the upswing in the previous day ended on the losing side today. On daily chart RSI has crossed 60 odd levels, which is bullish for the index. Most of the momentum indicators have turned positive and this is positive sign for the nifty index. Going forward nifty index has resistance around level of 8130 and 8165. On downside important support for index is around 8042. Tomorrow being expiry market will be volatile with stock specific movement.

HSIL (BSE Code: 500187) reported over two-fold increase in standalone net profit at Rs 19.07 crore for the second quarter ended September 30, 2014. The company's net sales during Q2, 2014-15 were Rs 417.07 crore, up 9.34 per cent, as against Rs 381.42 crore in the year-ago period. For first half of the current fiscal, the company posted net profit of Rs 34.06 crore, as against net profit of Rs 15.05 crore in April-September period of 2013-14.

Raymond (BSE Code: 500330) reported 26.185% decline in consolidated net proft at Rs 68.12 crore in the second quarter ended on September 30 due to higher expenses. Net sale rose to Rs 1,453.91 crore in the second quarter, up 18.82% as against Rs 1,223.57 crore during the same period of last financial year. For the half year period ended September 30, the company posted a net profit of Rs 35.27 crore as against net profit of Rs 42.60 crore in the corresponding period last year. Net sales of the company for the half year period ended September 30, rose to Rs 2,550 crore as compared to Rs 2,097.36 crore in same period in the previous fiscal.

Tech Mahindra (BSE Code: 532755) posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals. Revenue grew 15% to Rs 5,487.9 crore in the reported quarter from Rs 4,771.5 crore in the comparable period. In dollar terms, the net profit stood at USD 118 million and revenues were USD 900 million in the period under review.

Emami (BSE Code: 531162) reported a 16% increase in net profit at Rs93 crore for the quarter ended 30 September, powered by higher sales. Net sales in the fiscal second quarter rose 20.4% to Rs490 crore and EBITDA rose 29.6% to Rs113 crore during the quarter.

Dish TV India's (BSE Code: 532839) standalone net loss widened to Rs 15.07 crore for the second quarter ended September 30, 2014 due to a provision earmarked for a 'disputed' license fee. Dish TV's net sales in the quarter under review stood at Rs 670.55 crore,up 12.13% as against Rs 597.98 crore in the same quarter a year ago. Dish TV added 3.78 lakh subscribers during the quarter ended September 30, 2014. It has a total subscriber base of 1.21 crore at the end of the period.