BUSINESS
Ideas for Profit | Ramkrishna Forgings: Strong Q3; near term outlook sluggish
BUSINESS
Ideas for Profit | Hero MotoCorp: Raw material prices weigh on Q3 margin; near-term outlook weak
MONEYCONTROL-RESEARCH
Bajaj Auto Q3 FY19 review: Margins disappoint, outlook positive
BUSINESS
Ideas for Profit | Lower oil prices lift IndiGo higher in Q3, but tread cautiously
MONEYCONTROL-RESEARCH
Ideas for Profit | Subdued sentiments, macro weigh on auto sales in December 2018
BUSINESS
Ideas for Profit | GNA Axles is a future-ready auto-ancillary firm for long term
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
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
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
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.
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
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
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
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.
