The third quarter results of Mahindra & Mahindra have not been that great, and with competition from majors like Maruti Suzuki and Hyundai growing strongly, only new products can help the company scale back on lost market share, says Ashwin Patil, LKP Securities reacting to the results.
Speaking on specific companies, Ashwin Patil of LKP Securities believe that Maruti Suzuki will see momentum retune in future with line-up of new models. Maruti saw a 1 percent decline in sales in December.
Reacting to the results Ashwin Patil of LKP Securities said that these are fantastic set of numbers and he sees strong volume growth going forward.
Though the company's standalone revenues were strong, its margins disappoint the Street, says Ashwin patil of LKP Securities.
Patil remained negative in TVS Motors, saying its marketing and advertising costs are bringing down its margins.
In an interview to CNBC-TV18's Ekta Batra & Anuj Singhal, Ashwin Patil of LKP Securities spoke about how Jat quota storm might not impact Maruti Suzuki.
Ashwin Patil, Research Analyst at LKP Securities likes Maruti Suzuki and feels that Tata Motors may test Rs 492.
Maruti price hikes has come after a long duration and is unlikely to be a big worry, says Ashwin Patil, Research Analyst at LKP.
Ashwin Patil, Research Analyst at LKP Securities recommends buying Maruti Suzuki for a target of Rs 5100.
Maruti remains to be top pick of UBS, stating that there is no risk of capital misallocations but only a difference in timing of cashflow. Maruti disclosed the Contract Manufacturing Agreement (CMA) it is entering into with Suzuki Motor Gujarat (SMG – the Gujarat plant which will be set up by Suzuki Motor Corporation).