BUSINESS
June auto sales show waning impact of COVID
After hitting a speed breaker in May due to the severe second wave of COVID-19 across the country, automobile demand across segments bounced back sharply in June
BUSINESS
Weekly Tactical Pick – Amara Raja Batteries
Several factors to charge up performance of Amara Raja Batteries further
BUSINESS
Ashok Leyland -- In a sweet spot to ride the economic recovery
Though demand hit a speed breaker for Ashok Leyland due to the second wave of COVID, the outlook for the medium to long term looks promising
BUSINESS
Reliance AGM 2021 | Jio Platforms: Walking the talk
RIL AGM 2021: Jio Platforms has started executing what it had promised last fiscal while partnering with global companies
BUSINESS
Hit by the second wave, IndiGo tries hard to fly high again
With COVID cases going down and domestic passenger traffic picking up, there is significant optimism. International demand, however, is expected to remain weak
BUSINESS
Bharat Forge’s long-term potential looks strong
The strong performance of Bharat Forge was driven by a significant rise in demand in export markets, especially in the truck segment. Domestic business also saw a robust demand. Operating profitability improved due to the rich product mix
BUSINESS
COVID continues to challenge auto industry; medium term outlook encouraging
Auto majors are going through some tough time and a slowdown in demand is seen due to the impact of the second wave of COVID-19 across the country, affecting movement of customers and smooth operation of dealerships
BUSINESS
M&M puts up a strong show, valuation reasonable
The tractor-buying season and the reduction in the number of COVID cases in rural areas are expected to bring demand back for M&M by July
MONEYCONTROL-RESEARCH
Eicher Motors: Any soft patch an opportunity to accumulate
Though the second wave poses challenges in terms of demand, the outlook for Eicher Motors is positive driven by the pent-up demand for bikes post COVID
BUSINESS
Herd Immunity Tracker: About 18% of Indian adults have taken booster doses
China continues to struggle with the target of “Societal zero”
BUSINESS
A strong show by Escorts; accumulate during the soft patch
The management highlighted that the railway segment is expected to do well on the back of a rising order book for rail modernisation
BUSINESS
Hero MotoCorp: A fundamentally strong business available at reasonable valuation
The second half of 2021-22 is expected to see a demand recovery for Hero MotoCorp on the back of customer preference towards personal mobility, positive rural sentiment and new products, especially in the premium segment
MONEYCONTROL-RESEARCH
What makes Mahindra CIE a buy idea despite near-term COVID challenges
The second half of the year for Mahindra CIE is expected to be good. Its EU business is also seen to do well because of a strong order book
BUSINESS
Auto industry runs into COVID surge speed bump
Among automobile segments, commercial vehicles (CVs) suffered a major disappointment as their monthly volumes declined significantly
BUSINESS
Reliance Industries Q4FY21: Strong contribution from digital businesses likely to offset probable weakness in cyclical sectors
RIL reported a strong sequential improvement for its Oil derivative and retail segments. Petrochemicals exhibited elevated product spreads and in the case of retail, the trend of sequential recovery continued across consumption baskets. Jio continued to report strong numbers despite lower ARPU
BUSINESS
Bajaj Auto Q4: Long-term outlook positive; trades at reasonable valuation
We continue to remain upbeat on Bajaj Auto because of a positive demand outlook in domestic and export markets. Its valuation also looks reasonable
AUTOMOBILE
TVS Motor: A high-octane drive, trades at fair value
TVS remains optimistic about a strong recovery in demand towards the second half of the current fiscal
BUSINESS
Maruti: Raw material and COVID pose challenges, valuation reasonable
The preference for personal mobility will continue to aid demand. Maruti is likely to be a key gainer
BUSINESS
What does the future hold for automakers amid the second wave of COVID?
As we start off with the new fiscal, albeit with a second wave of the pandemic, investors are facing multiple questions about the auto sector
BUSINESS
The way forward for Craftsman Automation, post listing
It is among the three-four component players, providing machining of cylinder blocks for the tractor segment in India.
BUSINESS
Gabriel: An auto ancillary company worth investing in for the long term
We continue to remain upbeat about Gabriel as we expect the healthy demand trend to continue. Moreover, its valuation is also attractive at 15.7 times FY22 projected earnings
BUSINESS
Include this niche auto ancillary player in long-term portfolio
GNA is a niche player in the auto-component segment, with a strong brand, long-term relationship with clients, and healthy financials
BUSINESS
Should investors look at these leaders of auto ancillary pack?
A strong recovery in demand helped Wabco and Bosch post robust financial performance for Q3 FY21. Top line saw a strong expansion on a year-on-year (YoY) basis for both
BUSINESS
Battery makers in a sweet spot riding on strong demand
Given an increasing focus on clean mobility, the share prices of two battery manufacturers -- Amara Raja Battery (ARBL) and Exide Industries -- have run up sharply
