Index Trends And Stocks In Action November 03, 2014

The Indian market yet again manages to end trading session at fresh highs on Friday. The strong up-move was led by the capital goods, oil & gas, power and banking stocks. Even the broader market stocks were in limelight. Only the consumer durables sectors ended on negative note. At long last we got to see the nifty index getting past hurdle of 8180 in style and with such an ease. Now going forward earlier resistance which is 8180 now will act as a very important support and as long as index stays above this level it will continue to prosper. Resistance on higher side for index is placed at level of 8038 and 8075.

Net profit of Excel Industries (BSE Code: 500650) increased 147% to Rs 10.74 crore in the quarter ended September 2014 as against Rs 4.35 crore during the previous quarter ended September 2013. Sales rose 26.78% to Rs 130.42 crore in the quarter ended September 2014 as against Rs 103.96 crore during the previous quarter ended September 2013. The stock may trade with a positive bias in today’s trade.

Apcotex Industries (BSE Code: 523694) a sharp rise in standalone net profit for the quarter ended September 2014.  During the quarter, the profit of the company rose 2.84 times to Rs 7.1 crore from Rs 2.5 crore in the same quarter previous year. Net sales for the quarter rose 28.38% to Rs 90.52 crore, compared with Rs 70.5 crore for the prior year period. Earnings per share for the quarter stood at Rs 6.85, registering 2.84 times growth over previous year period. The stock may trade with a positive bias in today’s trade.

Centum Electronics (BSE Code: 517544) is reporting 19.14% growth in consolidated net profit of Rs 11.95 crore for the quarter ended September 2014 (Q2) as against Rs 10.03 crore during the previous quarter ended September 2013 on back of strong revenue growth. Net sales for the quarter rose 18.66% to Rs 132.63 crore, compared with Rs 111.77 crore for the prior year period. Centum is a globally recognized electronics company with strong presence in the defense and aerospace, space, industrial, medical and telecom industry segments. The stock may remain in focus in today’s trade.

TVS Motor Company (BSE Code: 532343) reported a 22% increase in its total sales at 2,41,044 units in October 2014. Scooters sales during the month grew by 68%, Motorcycles sales grew by 10% while three-wheelers grew by 14% in October 2013. Exports in October grew by 51% to 34,855 units in the month as compared to 23,154 units in the corresponding month a year earlier.The stock may remain in focus in today’s trade.