Sundeep Kumar Bafna, MD of Fortpoint, says most dealers have stocked themselves to the brim to cater to the festive demand.
M&M margins lower than expected: Ajay Shethiya
Maruti Suzuki (MSIL) surpassed street expectations with the third quarter net profit rising 36 percent year-on-year, driven by strong operational performance, higher localisation and favourable forex. Quarter-on-quarter growth was 1.6 percent. The market share of the company increased 2.5 percent to 42.8 percent in the quarter gone by.
Ajay Shethiya of Centrum Broking has a positive view on Mahindra and Mahindra.
Ajay Shethiya, Centrum Broking is continue to maintain neutral stance on M&M at this point in time.
Ajay Shethiya, Centrum Broking is positive on Tata Motors."The correction is a good opportunity to get into the stock,"he adds.
Ajay Shethiya, Centrum Broking is continue to maintain buy rating on Maruti Suzuki.
Ajay Shethiya, Centrum Broking has upgraded Hero Motocorp from neutral to buy.
Ajay Shethiya of Centrum Broking estimates, on CNBC-TV18, that growth in auto volumes will moderate on continued weakness across the sector.
Ajay Shethiya, Centrum told CNBC-TV18, the overall margins for JLR were closer to 14.6 percent in the first half but going by management‘s comment EBITDA margin would be anywhere closer to 12-13 percent.
In an interview to CNBC-TV18A jay Shethiya, Auto Analyst at Centrum Broking talked about what his expectations is from the sales number this month. He believes that the pressure in medium and heavy commercial vehicles (MHCV) would continue.
Bajaj Auto will declare its first quarter numbers today. In an interview to CNBC-TV18, Ajay Shethiya, auto analyst at Centrum Broking speaks about his expectations from the company.