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Net Sales are expected to increase by 140 percent Y-o-Y (down 20 percent Q-o-Q) to Rs 1,053 crore, according to Sharekhan.
What is working in favour of Schaeffler India is the sharp recovery in the automotive segment and a steady pick-up in the industrial segment. Moreover, new export markets offer a significant opportunity
Net Sales are expected to increase by 5 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 1,155.3 crore, according to Kotak.
While the bearings sector looks interesting from a growth versus valuation standpoint, we like SNL Bearings, Menon Bearings and NRB Bearings
Net Sales are expected to increase by 17 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 537.3 crore, according to Kotak.
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.
Schaeffler currently trades at 30.5 times CY18 and 27.3 times CY19 projected earnings. We advise investors to capitalise on dips to build position
Angel Broking has come with its March`13 quarterly earning estimates for auto and auto ancillary sector. The research firm continues to prefer stocks that have strong fundamentals, high exposure to rural and export markets and command superior pricing power.
Angel Broking has come with its December`12 quarterly earning estimates for auto sector. The research firm expects UV sales to sustain the growth momentum leading to a 10-12% volume CAGR in PV sales over FY2012-14.
Angel Broking has come with its September`12 quarterly earning estimates for auto sector. The research firm prefers stocks that have strong fundamentals, high exposure to rural and exports markets and commanding superior pricing power.
Angel Broking has come out with its June quarterly earning estimates for automobile sector. The research firm expects Apollo Tyres (APTY) to outperform the overall sector's earnings growth in 1QFY2013 primarily on account of receding cost pressures, leading to strong margin expansion.
Angel Broking has come with its March quarterly earning estimates for automobile and auto ancillary sector. The research firm expects auto ancillary cos to report moderate net profit growth.
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended September 2011. According to the research firm, FAG Bearings September quarter net sales are expected to go up by 14% at Rs 308 crore, year-on-year (YoY) basis.
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended June 2011. According to the research firm, FAG Bearing June quarter sales are expected to go up by 18.9% at Rs 322crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended March 2011. According to the research firm, FAG Bearing March quarter net sales are expected to go up by 27.9% at Rs 277 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, FAG Bearing December quarter sales are expected to go up by 27.9% to Rs 277 crore, Year-on-Year, (Y-o-Y) basis.