MONEYCONTROL-RESEARCH
5 reasons why Jamna Auto should be on every investors’ radar
Market leadership, marquee clientele, operating leverage, reduced debt and strong financial performance should support earnings going forward
MONEYCONTROL-RESEARCH
May auto sales: Commercial vehicles continue to skyrocket
CV and tractor segments should have a strong run going forward given the government’s focus on the rural economy in an election year and its continued investment in infrastructure.
BUSINESS
Lumax Industries Q4: LEDs light up the way ahead
Market leadership, marquee clients, focus on developing technologically-advanced products and adoption of LED-based products, are factors that improve the outlook on the company's earnings growth.
MONEYCONTROL-RESEARCH
M&M: Stock yet to factor in rural recovery, product innovation
Long-term value investors should accumulate M&M for the long-term
MONEYCONTROL-RESEARCH
Minda Corp: 4 factors that make it a safe bet
With marquee clients in its kitty, no client concentration, focus on research to develop technologically advanced products and turnaround at Minda Furukawa, the company beckons investor attention.
MONEYCONTROL-RESEARCH
Ramkrishna Forging Q4 FY18 – Firing on all cylinders
With the new press line, new products and increase in the market share, the company beckons investors’ attention.
MONEYCONTROL-RESEARCH
Idea fundraising – The need of the hour to combat telecom competition
Idea's fundraising plan is a positive step and is needed to weather the competitive intensity in the telecom sector.
BUSINESS
Auto December 2017 sales analysis: Growth exaggerated by base effect
We feel most regulatory headwinds are weakening and the situation has returned to near normal. Good monsoon, rural demand and government’s capex push are the tailwinds that will drive growth in the sector.
MONEYCONTROL-RESEARCH
Rane Brake Lining Ltd– Strong financials and no EV impact demand attention
RBL is a part of the Rane Group of companies and is a leading manufacturer and marketer of safety critical friction material.
MONEYCONTROL-RESEARCH
SNL Bearings – niche player, technological prowess, and strong financials make it worth investing
SNL has a strong set of financials and is virtually a debt-free company. Also, it is trading at a discount compared to the valuations its peers are commanding
STOCKS
GNA Axles' niche player tag, immunity from EV disruption give it an edge
GNA has consistently been focusing on reducing debt and used IPO proceeds to pay back the large chunk of its debt. Debt-to-equity ratio has come down to 0.40 in FY17 from 1.47 in FY13.
BUSINESS
Jet Airways still facing rough weather as fuel prices & operating expenses weigh
We have a neutral stance on the company on the back of its underinvestment in the domestic market and tepid capacity expansion despite some benefits coming out of cost optimization and agreement between Jet Airways and Air France-KLM.
MONEYCONTROL-RESEARCH
EV portfolio features 9 auto ancillaries that are immune to the electric disruption
Since the Indian market has a large play on auto ancillaries, we decided to create a portfolio of ancillary companies that are immune to EV disruption and/or beneficiaries of the advent of EV.
BUSINESS
Rural demand, government's capex plans to drive auto sales
Auto players witnessed a huge spike in their sales volume for the month of November, partly due to the lower base of the previous year when demonetization hit them.
BUSINESS
Consolidation, data boom key triggers for telecom sector
Incumbent players have seen a steep erosion in margins and profits over the last couple of quarters as they were forced to slash tariffs in response to the rates offered by Jio.
STOCKS
For 2 of India's battery makers, what does EV push hold in store?
The biggest challenge for Amara Raja and Exide is the sourcing of raw material. Lithium is the key raw material for the batteries to be used in EVs.
BUSINESS
Ramkrishna Forgings Q2: Revival in domestic & export markets to boost earnings
With the new press line, new products, increase in the market share, a revival in Class 8 trucks demand in NA, the company beckons investors’ attention.
BUSINESS
Lumax Industries stands to gain from LED push by govt, original equipment makers
The increasing adoption of LEDs by the original manufacturers would offer great opportunities for Lumax as LEDs require technical expertise and Lumax gets desired support from Stanley.
BUSINESS
Reliance Industries Q2 results: Another quarter of robust performance
The quarter marked the first standalone reporting for Jio, and the numbers were better-than-expected with both EBIT and EBITDA being positive
BUSINESS
Tata Motors' EV bid is a play for future business with no serious impact on earnings
The order for TTMT might not be value-accretive in terms of financials. But this order gives a platform for the company to launch itself into the world of EVs, the future cars.
BUSINESS
Auto sales in September rise on festive cheer
The numbers continue to support previous month’s trends: strong growth in commercial vehicles (CV) on the back of a good monsoon and increased production of BS-IV compliant vehicles.
BUSINESS
IndiGo & SpiceJet still bright sparks in a sector that's been on a high
The industry has been clocking double-digit growth for the last 37 months. It witnessed 15.7 percent (YoY) growth in August 2017, higher than 12.5 percent it grew in July 2017.
BUSINESS
Why M&M's acquisition of Turkish tractor firms sits well with its overall strategy
The acquisition is in line with the M&M’s strategy of globalisation and to expand its product portfolio.
BUSINESS
Slash in interconnect is good for consumers, will hurt incumbent telco profits
The average revenue per user (ARPU), an important metric for telecommunication players, has been on a downward trajectory for a while now, and the entry of Jio (owned by Reliance Industries) has shaken up the industry dynamics with a series of bold offers.
