MONEYCONTROL-RESEARCH
Ramkrishna Forging Q1FY19 review: Firing on all cylinders, long-term buy
The new press line and products, increase in market share, strong financials and above all the reasonable valuation, beckons investor attention.
BUSINESS
Auto July 2018 sales review – CVs, tractors, 2-wheelers continue to ride well
The revival of the rural economy and expectations of normal monsoon continue to make the outlook positive for the tractor segment.
MONEYCONTROL-RESEARCH
Ideas for Profit: JLR hits speed breaker, avoid Tata Motors
In the near future, JLR is expected to face challenges from the rapidly evolving automotive technology, uncertainty in the UK and Europe and change in import duty structure in China
BUSINESS
Accumulate IndiGo for the long term, Q1 marred by fuel prices and forex losses
We are cautiously optimistic on the back of operational efficiencies, capacity addition plans and multiple growth drivers. We see fuel prices and rupee depreciation versus the dollar as short term challenges
BUSINESS
Reliance Industries results review: Another quarter of robust growth in petchem, Jio
Jio continued to post strong revenue growth, along with an improvement in operating profitability during the quarter.
BUSINESS
Maruti Suzuki Q1FY19 review: Steady show, but valuation leaves little room for upside
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, strong order pipeline, product rejig toward premium products and leadership position in Indian market, the stock will continue to enjoy the fancy of investors despite the premium valuation.
BUSINESS
Hero MotoCorp Q1 review: Host of factors make stock worthy of long-term accumulation
Strong leadership in two-wheeler segment, revival riding on rural growth, a slew of new launches, structural changes from an upcoming product rejig, focus on exports market and reasonable valuations make it a stock worth accumulating for long-term investors.
BUSINESS
CEAT Q1 FY19 review: Riding smoothly on rubber, low base and strong demand
CEAT posted a strong growth in net revenue and operating profitability. Its margin also improved on the back of falling RM prices. The company is poised to gain from an increase in market share in passenger vehicle (PV) segment and capacity expansion in selected pockets.
BUSINESS
Ideas for Profit: Market share war might weigh on Bajaj Auto's future performance
While the company reported a significant increase in volume and revenue, operating margin was marred by an adverse product mix and price cut undertaken by the management in the entry level motorcycle segment
BUSINESS
GNA Axles: Dominant position, strong financials make it a strong buy
We continue to like the business on the back of its leadership position in domestic market, significant presence in leading economies and plans to enter in the SUV and LCV axle shaft business
BUSINESS
Mahindra CIE Q2 CY18 review: Outlook positive, valuation reasonable
We believe valuations are at reasonable levels and advise investors to accumulate the stock
EARNINGS
Ideas for Profit: Ashok Leyland rides on multiple opportunities, accumulate for the long term
We see numerous opportunities for the company such as more organised players in the economy, strong exports, robust industry prospects, its defence strategy and focus on electric vehicles
BUSINESS
JBM Auto: The future ready auto ancillary stock
With marquee clients in its kitty, huge industry opportunities, focus on high margin products, plans for launching electric buses, strong performances from subsidiaries and joint ventures, and robust financials, the company beckons investor attention
MONEYCONTROL-RESEARCH
Ideas for profit: IndiGo, SpiceJet set to soar
Recent weakness in the stock prices of Indian airlines on the back overall market volatility and rising ATF prices is providing an opportunity to board fundamentally strong business for the long term
BUSINESS
Will a probable Reliance Retail IPO unlock value for RIL’s shareholders?
The markets are factoring in the value from the retail division of Reliance Industries in the latter’s price.
BUSINESS
Aviation data hints at turbulence due to rise in ATF prices
Despite May being the holiday month, the industry witnessed lower than 20 percent year-on-year (YoY) growth. This is the first time in five months the growth was below 20 percent. Industry load factor witnessed a month-on-month (MoM) contraction of 170 bps. This was due to substantial fall of 680bps (MoM) in RPK (revenue passenger kilometers).
BUSINESS
CV, tractor sales continue to zoom in June
Stronger two-wheeler sales is an emerging trend and could receive additional support from the back of a revival in demand
MONEYCONTROL-RESEARCH
Tata Motors – JLR may continue to be a pain point
The performance vectors of JLR are persistently deteriorating and expected to be under pressure at least in the near future.
BUSINESS
Varroc Engineering: Valuations rich, avoid
We would wait for a correction after its listing to accumulate this company for the long-term
BUSINESS
Munjal Showa and FIEM Industries: Play on growth in two-wheelers
The prevalent weakness in the market provides an opportunity to buy into these businesses with an eye on the long term
MONEYCONTROL-RESEARCH
Wabco & Bosch: Stock up for the long term
The CV segment would continue to grow on the back of the government’s focus towards infrastructure, increased mining activity, normal monsoon leading to rising rural sentiments and ban on overloading
MONEYCONTROL-RESEARCH
Ideas for profit: 4 auto ancillaries to ride upmove in CV space
Growth has been fuelled by the government’s focus on infrastructure, increase in mining activity, boost to rural sentiment from a normal monsoon and a strict ban on overloading of vehicles
MONEYCONTROL-RESEARCH
Ideas for profit: 3 bearings stocks to accumulate now
The bearing space appears promising on the back of secular growth in automobiles, uptick in the industrial segment and improvement in technology that would lead to increase in content per vehicle.
MONEYCONTROL-RESEARCH
Amara Raja, Exide appear attractive despite electric vehicle overhang
Battery, being an essential component for an EV, would force a paradigm shift in the way these companies operate and could radically alter their fortunes depending on how well they adapt to the new reality.
