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The outlook seems to be very encouraging not only for the medium to long term but also for the near term
The pent-up demand in PV and CV segments will fuel the growth ride of this company
Subros' leadership in the autocomponent space is driven by the quality of products and the product portfolio
Demand is expected to remain buoyant for CVs, which should aid Subros’ performance
A sharp recovery in demand for passenger vehicles (PV) and commercial vehicles (CVs) coupled with the localisation effort to improve profitability make us upbeat about Subros
We have identified Subros as one of our picks from the auto ancillary space as there has been V-shaped recovery in PV segment
Net Sales are expected to increase by 9 percent Y-o-Y (up 17.8 percent Q-o-Q) to Rs. 601.8 crore, according to Sharekhan.
Automobiles sector will report a stellar quarter in Q1 led by strong recovery in rural demand, government spending on infrastructure, new launches and low base with Ashok Leyland, Bajaj Auto, Hero MotoCorp, Lumax Auto, JBM Auto and Jamna Auto being the top picks from the space.
Net Sales are expected to increase by 19.5 percent Y-o-Y (up 10.5 percent Q-o-Q) to Rs. 500 crore, according to HDFC Securities.
Subros is in focus on the back of a good Q2. In an interview to CNBC-TV18, PK Duggal, VP-Corporate Planning & Marketing of the company spoke about the results and his outlook going ahead.
In an interview with CNBC-TV18, Ramesh Suri of Subros said that the passenger vehicle market is gaining traction while the company‘s biggest client Maruti has seen a good respose to Baleno and S-Cross.