BUSINESS
Bajaj Auto Q2 FY19 review: Margin disappoints, outlook positive
Operating margin was marred by adverse raw material prices and the price cut initiated by the management in the entry-level motorcycle segment
BUSINESS
IndiGo Q2 marred by costly jet fuel, low yields, weak rupee; avoid stock
A tough operating environment led to the company reporting losses. Investors should tread cautiously and bottom fish only after some improvement in the operating environment
BUSINESS
Mahindra CIE Q3 CY18 review: Outlook positive; accumulate
Mahindra CIE’s domestic and Europe revenues grew significantly. Its EBITDA margin remained flat, despite adverse raw material prices. New orders, strong demand outlook and reasonable valuations make it a stock worth considering
BUSINESS
Endurance Tech: The future-ready auto ancillary stock
Given the unique position of Endurance Tech in auto component segment and its track record, it deserves premium valuations.
BUSINESS
Why Reliance Industries decided to pick stake in SkyTran
Partnership with SkyTran would help RIL continue to achieve its aim of investing in future technology and making its business future relevant in a fast changing world
EARNINGS
Reliance Industries Q2: Telecom, retail drive healthy results
Jio continued to impress with quarterly performance and despite strong competition, operating revenue increased and the company sustained operating margins as well.
BUSINESS
Hero MotoCorp Q2 review: Input cost weigh on margin; buy
Overall weakness in the market and expectations of a contraction in operating margin have led to significant weakness in the stock. This provides a great opportunity for investors to enter into a fundamentally strong business run by a quality management at a reasonable valuation.
BUSINESS
Here’s why Hero MotoCorp is a long term buy
The current market weakness provides a great opportunity for investors to enter a fundamentally strong business available at a reasonable price and run by a strong management
BUSINESS
Ideas For Profit: Quality business, attractive valuation make Eicher Motors a long term buy
We exude confidence in the company given its dominant position in bikes with an engine displacement of above 250cc and positive shift in customer preference towards premium products
BUSINESS
Ideas For Profit: Strong outlook, attractive valuation make Minda Corp a long-term buy
The company has marquee clients, a strong focus on research and development, and a robust order book
BUSINESS
September 2018 auto sales hit speed bump on cocktail of adverse factors
Auto majors hit a speed bump in the month of September 2018 and posted a mixed bag on numbers on the back multiple factors such as delayed festive season, floods in Kerala and increasing cost of total ownership on the back to rising interest rate, fuel prices and insurance cost.
BUSINESS
Ideas for Profit: Strong financials, attractive valuation make Automotive Axles a long-term buy
Market leadership, marquee clientele, operating leverage, lean balance sheet and strong financial performance should support earnings, going forward. The business is also gearing itself for upcoming EV wave and trades at reasonable valuations that beckons investor’s attention
MONEYCONTROL-RESEARCH
Steel Strip Wheels: CVs, alloy wheels to drive growth; buy for the long term
We continue to like the business on the back of its focus on CV exports and foray into high margin alloy wheels segment to drive the next leg of growth
BUSINESS
Jamna Auto Industries: A strong play on a revival in CV demand
Recent correction in the stock has made valuations attractive for the long term
MONEYCONTROL-RESEARCH
Ideas for Profit: Wabco and Bosch Q1FY19 rides on CV cycle
Indian automobile sector continues to witness strong growth across segments. Commercial vehicle (CV), in particular, has witnessed a phenomenal growth on the back of government’s focus on infrastructure, good monsoon and increase of mining activities. In fact, despite the new axle load norms, the momentum continues to be very strong.
BUSINESS
Ideas for Profit: GST, auto cos rev up battery manufacturers; industrial/EVs drain
Demand from telecom, within the industrial segment, continues to be a spot of bother. What is eating into the profitability of battery manufacturers is higher lead and sulphuric acid prices
BUSINESS
Ideas for Profit: Valuations reasonable for these two tyre cos; accumulate
Short term concerns such as change in axle norms and mandatory long term third party vehicle insurance could dampen demand from original equipment manufacturers
BUSINESS
August auto sales hit by delayed festive season and Kerala floods
The commercial vehicle segment continues to remain strong on the back of factors like normal monsoon, improved rural sentiments and investment in infrastructure
BUSINESS
Q1 FY19 review: Like SNL, Menon and NRB Bearings
While the bearings sector looks interesting from a growth versus valuation standpoint, we like SNL Bearings, Menon Bearings and NRB Bearings
BUSINESS
Jet Airways: Continues to face turbulence
While the current state of affairs in the company doesn’t excite us, we would be carefully monitoring this restructuring journey given the favourable industry dynamics.
BUSINESS
Motherson Sumi Systems: Multiple long term growth drivers; buy
Strong demand in domestic and export markets, robust order book, expansion at various locations globally, shift towards electric vehicles and new emission norm should boost topline as well as operating margin
BUSINESS
Bharat Forge: A leading auto ancillary with multiple growth levers; accumulate
The positive outlook for industrials and Class 8 truck demand in the US and multiple growth avenues make it an ideal investment call, although the rich valuation tempers our excitement
BUSINESS
Ideas for Profit: LEDs continue to light up fortunes of Lumax and Fiem Industries
Market leadership, marquee clients, focus on developing technologically advanced products and adoption of LED-based products provide improved earnings visibility for the companies and therefore merits investor attention
BUSINESS
Aviation times: Jet hits turbulence, prefer IndiGo and SpiceJet
The financials of airline companies are clearly feeling the heat, despite an increase in passenger traffic, improving utilisation and government’s accommodative policy
