BUSINESS
Dominant position, strong financials make Suprajit Engineering a good bet
Suprajit Engineering has established itself as India's largest manufacturer of automotive cables, and has a promising aftermarket and export market.
MONEYCONTROL-RESEARCH
Automotive Axles a long-term buy on attractive valuations, strong financials
Automotive Axles is gearing itself for upcoming EV wave and trades at reasonable valuations and hence making a long-term buy
BUSINESS
Ideas for Profit | GNA Axles is a future-ready auto-ancillary firm for long term
MONEYCONTROL-RESEARCH
Robust clientele, attractive valuation make PPAP worth investing in
BUSINESS
100-Word Take | A perfect storm for Tata Motors
Cost savings are badly needed for JLR, which is struggling with plummeting auto sales in China which has hit its JLR business.
BUSINESS
Jamna Auto's soft patch gives a good opportunity to enter
Jamna is the largest spring manufacturer in India and 2nd largest manufacturer in the world.
MONEYCONTROL-RESEARCH
Attractive valuations, focus on new growth avenues make Subros a worthy buy
Subros has planned to set up the second manufacturing unit by H2 FY19 while the third plant is in the planning stage. These are expected to increase the capacity to 2.5 million units from the current 1.5 million units.
BUSINESS
Ideas for Profit: Buy Wabco, Bosch for the long term despite sluggish demand outlook
BUSINESS
Ideas for Profit: 4 factors that make Rico Auto a long term buy
BUSINESS
Nov auto sales: Adverse macros weigh; outlook muted
Despite oil prices softening, automobile majors continue to post a weak set of volumes due to muted consumer sentiment caused by liquidity crunch, non-availability of retail finance and moderate festive season
BUSINESS
Ideas for Profit: Input costs weigh on battery companies; accumulate
Weakening macroeconomic condition marked by rise in crude oil prices, rupee depreciation, rising interest rate regime coupled with regulatory challenge coming from mandatory long-term insurance as well as natural calamity like floods in Kerala had dampened the demand for most of the auto majors in India in September 2018. However, festive season brought cheers to selected pockets in the month of October 2018.
MONEYCONTROL-RESEARCH
Ideas for Profit | Automotive lighting companies – LEDs continue to light up fortunes
Market leadership, marquee clients, focus on developing technologically advanced products and adoption of LED-based products provide an improved earnings visibility for these companies and therefore merits investors’ attention.
BUSINESS
Endurance Tech: A fundamentally strong business; accumulate
Leadership position, strong management at helm, strong clientele, coupled with strong financial performance make this business worth considering for long-term portfolio.
BUSINESS
Tyre makers Q2 FY19 review: Higher raw material cost weighs on profitability
Amid market volatility, sluggish industry demand outlook and significant rise in raw material cost, stock prices of tyre companies have come down significantly from their 52-week highs
BUSINESS
Ideas for Profit | Minda Corp: Strong business available at an attractive valuation
The company has marquee clients, strong focus on R&D and a robust order book. The recent correction in the stock price has made valuations extremely attractive
BUSINESS
Motherson Sumi: A sound business at attractive valuations; accumulate
The new plants are getting commissioned that should result in increasing revenues and operating leverage. This, coupled with the push towards EV (Electric Vehicles) should result in healthy growth in the topline and gradual increase in margins. MSSL is currently trading at reasonable valuations, which warrants investors’ attention.
MONEYCONTROL-RESEARCH
Ideas for Profit | Attractive valuation makes M&M a long term buy
The stock is worth accumulating for the long term given its strong leadership in farm equipment segment (FES), revival in rural growth, a slew of new launches and reasonable valuations
BUSINESS
Ideas for Profit | Ashok Leyland sees volume-led growth in Q2; buy
We continue to maintain our positive outlook on the company. However, investors need to watch out for its succession plan
BUSINESS
Ideas for Profit | Eicher Motors: Strong franchise available at decent valuation; accumulate
We continue to exude confidence in the company on the back of its dominant position in bikes with engine displacement above 250cc and a shift in customer preference towards premium products. The recent correction have made valuations attractive
MONEYCONTROL-RESEARCH
Automobile October 2018 numbers: Adverse macros weigh, but festivity brings cheer in select pockets
Weakening macroeconomic condition marked by rise in crude oil prices, rupee depreciation, rising interest rate regime coupled with regulatory challenge coming from mandatory long-term insurance as well as natural calamity like floods in Kerala had dampened the demand for most of the auto majors in India in September 2018. However, festive season brought cheers to selected pockets in the month of October 2018.
MONEYCONTROL-RESEARCH
Tata Motors: Domestic business shines, JLR hits a speed breaker
In the near future, JLR is expected to continue to face challenges in various economies, including uncertainty in UK and Europe and change in import duty in China. Huge investment will be required to revamp its aging portfolio and include electric vehicles
BUSINESS
CEAT Q2 FY19 review: Outlook remains positive despite subdued numbers
We believe the company is poised to gain from increase in market share in passenger vehicle (PV) and 2/3 Wheeler segments and capacity expansion in selected pockets. This coupled with reasonable valuations make CEAT worth considering for a long-term portfolio.
BUSINESS
Lumax Industries' Q2 FY19: LEDs continue to shine; good long-term bet
The stock is currently trading at 20.0 and 15.5 times its FY19 and FY20 projected earnings. We advise investors to accumulate it with an eye on the long term
MONEYCONTROL-RESEARCH
Ideas for Profit | Maruti Q2 FY19: Weak demand weigh, positive outlook; buy
Today, MSIL has a virtual monopoly in passenger vehicle market in India led by strong dealership network, brand loyalty on the back of competitive prices and resale value. With a slew of new launches including refreshers, product rejig toward premium products and leadership position in Indian market coupled with reasonable valuations, the stock will continue to enjoy the fancy of investors.
