In the month of December, M&M‘s tractor sales were up 9 percent YoY to 14,047 units, mainly due to a lower base in the comparable period last year. Interestingly, total automotive sales were down 4 percent to 36,363 units, much better than estimates. Passenger vehicle segment declined 8 percent and LCV sales grew 14 percent YoY.
The market will be led by financial, capital goods and utilities sector for the next few years. He does not see the IT sector turning around anytime soon.
We reiterate our overweight stance on domestic/defensive sectors, i.e. consumers, utilities, energy, and healthcare, says Abhay Laijawala of Deutsche Bank.
Aditya Narain, MD & India Strategist, Citiupbeat on Indian equities and expects 20 percent upside for the market by end of 2016.
The MoUs to provide debt to the utilities were signed in the presence of Andhra Pradesh Chief Minister N Chandrababu Naidu
SMEs are its primary customers. Business comes from electrical goods, power tools, materials, utilities, safety tools, office furniture segments.
Crisil expects dollar revenues of IT services to grow at 13-15% in 2015-16 in 2015-16 on the back of improvement in macroeconomic environment in developed economies, especially the US, which accounts for nearly 60 percent of the market for Indian IT vendors.
Infotech Enterprises is quite confident of its order backlog and pipeline and aims to delivering strong results going forward.
A multichannel, self-service approach helps drive increased customer satisfaction, higher profit margins and lower average response times to customer requests.
Motilal Oswal Expect 1QFY14 Aggregate PAT to be flat YoY for the second successive quarter. This quarter's earnings will be reported in the backdrop of low IIP growth, all-time low currency, continued fall in global commodities and volatile interest rates.
Considered conservative and slow-moving, the industry has seen a wide range of innovation from within and outside the traditional IT organisation, finds Gartner.
Renewable energy is constantly evolving and challenging traditional utilities but one growing sector could make home-generated power much easier to use and cut customers' dependence on energy companies dramatically - solar batteries.
OnMobile is providing the platform and services to help launch and manage the pilot phase of the project on m-Governance.
Motilal Oswal has come with its September quarterly earning estimates for utilities sector. Research firm expect utilities companies (excluding Coal India) to report aggregate revenue growth of 9% YoY and PAT de-growth of 2% YoY for 2QFY13.
Franklin Templeton Asset Management has decreased its investments in oil & gas, telecommunication and utilities space, while enhanced its exposure in pharmaceuticals, banking & financial services and engineering & capital goods.
Jonathan Garner of Morgan Stanley expects the infrastructure and utilities sector to benefit from this Budget as they will help in delivering a better GDP growth.
Motilal Oswal has come out with its report on utilities. "We remain cautious on private IPPs and CPSUs remain our preferred sectoral theme. Buy NPTC/Powergrid."
Sam Mahtani of F&C Investments, in an interview on CNBC-TV18 spoke about his reading of the market and its outlook ahead. Below is a verbatim transcript of his interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee. For the complete interview watch the accompanying videos.
Prashastha Seth, Senior VP, IIFL Private Wealth is underweight on telecom, utilities and real estate.
Most foreign brokerages expect muted returns from the India equities in 2011 due to the multiple domestic headwinds that are gathering pace.
Cautious on Indian markets on inflationary concerns, Emil Wolter, Head of Regional Asian Equity Strategist, RBS feels that Indian equities are likely to underperform in 2011.