Nomura chalks out 2013 strategy for 12 key sectors

Thu, Jan 10, 2013 at 14:17

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Auto & Autoparts

Nomura expects some sequential improvement in margins for most companies (excluding CV players) on the back of decent volume growth due to shift in festival season and easing of raw material costs. "Companies having exposure to CV cycle like Ashok Leyland, Bharat Forge and Tata Motors standalone will have a very weak quarter due to sharp volume decline and elevated discount levels," the broking firm says in its report.

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