BUSINESS
Subros — A leader available at an attractive valuation
The pent-up demand in PV and CV segments will fuel the growth ride of this company
MONEYCONTROL-RESEARCH
What does August sales reportcard say for auto majors?
Demand for 2W and tractors likely to be strong on the back of a rebound in rural economy
AUTOMOBILE
Motherson Sumi Wiring India: EV and premiumisation key drivers
The outlook for Motherson Sumi Wiring India continues to be very positive. It is driven by the increase in production by original equipment manufacturers (OEMs), post the easing of the semiconductor-chip shortage, increasing content per vehicle due to premiumisation and wider adoption of electric vehicles (EVs)
MONEYCONTROL-RESEARCH
Endurance Tech: A strong play on two-wheelers
We continue to remain upbeat on Endurance (ENDU), primarily on the back of its significant presence in the two-wheeler segment
BUSINESS
Minda Corp: An auto ancillary stock worth a long-term play
The company’s strong order book and robust product portfolio add to our confidence. At the current valuation of 18.1 times FY24 projected earnings, the stock looks attractive
MONEYCONTROL-RESEARCH
Decent set of numbers by Bharat Forge
Demand to sustain momentum, new focus areas to drive growth
BUSINESS
Eicher Motors riding fast on strong demand, new products
Order book remains healthy; valuation at a discount to fair value
MONEYCONTROL-RESEARCH
Rise in subscriber base, ARPU help Airtel post strong numbers
Well placed to usher in 5G revolution; ARPU to remain strong in medium term on the back of higher data use
BUSINESS
Auto segment comes to M&M’s rescue, any upside?
New products to drive growth despite commodity pressure and muted outlook for the tractor segment
BUSINESS
Demand tailwind to help IndiGo gain higher altitude
Superlative show in Q1 FY23; healthy balance sheet to withstand challenges
BUSINESS
Escorts: Disappointing results but positive outlook
Weak product mix and higher raw material costs dent performance
MONEYCONTROL-RESEARCH
Two-speed journey for auto sales in July
PV and 2W do well but uneven rains play spoilsport for tractors
MONEYCONTROL-RESEARCH
Ashok Leyland: Weak Q1 FY23, outlook promising
The prospects look promising as demand has started picking up, post the opening up of the broader economy. The valuation also gives us the desired comfort
BUSINESS
Expensive valuation puts a question mark on TVS rerating
Multiple growth drivers for the company but stock is trading at a premium
BUSINESS
Tata Motors Q1 FY23 comes up short
Jaguar Land Rover (JLR) volumes continue to be on a downward trend due to the chip shortage. Operating profitability also got severely impacted, owing to the weak product mix
BUSINESS
Maruti: Is it the right long-term bet now?
Maruti’s leadership position in the segment, strong order book, and new products coupled with reasonable valuation make it an attractive bet for the long term.
BUSINESS
Bajaj Auto: Cruising well despite odds
Despite tepid demand, higher raw material prices, and supply-side constraints, the company reported an improvement in its operating margin on a year-on-year (YoY) basis.
BUSINESS
RIL Q1: Strong showing across businesses
Traction in new age businesses such as retail, media, digital and renewables presents RIL significant scale and scope in times to come
MONEYCONTROL-RESEARCH
Ramkrishna Forgings: In-line Q1, encouraging outlook; buy for long term
The outlook for both domestic and international markets is promising as demand continues to maintain its momentum
BUSINESS
Delta Corp — A long-term bet on India’s gaming industry
The long-term outlook for Delta Corp continues to be positive on the back of increasing tourist arrivals, leading to a strong occupancy in its hotels, and the continued traction for online gaming
MONEYCONTROL-RESEARCH
Any upside left in M&M, post the EV deal?
This deal plays an important role in accelerating the progress on EV front.
MONEYCONTROL-RESEARCH
Endurance Tech: Continues to outperform industry; a play to ride growth in 2W
Strong order pipeline, new products make Endurance an enduring bet following market correction
STOCKS
Bajaj Auto: Why investors should look beyond the buyback
Bajaj Auto’s buyback announcement is unlikely to enthuse investors
BUSINESS
Suprajit Engineering in fine shape amid tough times, prospects look better
Management sees global auto industry contracting in FY23 as well, but confident of SEL outperforming the industry by 5-10 percent. We advise investors to accumulate this stock for the long term
