Watch the interview of Basudeb Banerjee, AVP Research at Antique Stock Broking with Nigel D‘Souza and Sonia Shenoy on CNBC-TV18 in which he spoke about earnings in auto sector.
Basudeb Banerjee of Antique Stock Broking is bullish on Maruti citing a strong launch pipeline in the coming 24 months. The house is also upbeat on Ashok Leyland with recovery in commercial vehicle segment.
In an interview to CNBC-TV18, Basudeb Banerjee, Antique Stock Broking shares his views on the auto sector and his preferred stocks going ahead.
On FY16 we are already taking care of this benign rubber prices and favourable margins. So it is not that we have taken higher rubber prices. So we expect that to go adverse from FY17, says Basudeb Banerjee, AVP Research, at Antique Stock Broking.
Basudeb Banerjee of Antique Stock Broking expects the favourable margin scenario to reverse from FY16 end given the cyclical nature of the sector. JK Tyres is his top pick, followed by MRF
Basudeb Banerjee do not see any element of corporate governance issue with Maruti Suzuki
Basudeb Banerjee of Quant Broking shares his views on Ashok Leyland numbers and the key takeaways from the company's conference call.
Both employee cost and other expenses have hurt Exide's margin, says Quant Broking's Basudeb Banerjee.
Basudeb Banerjee of Quant Capital expects a robust Q3 for Apollo on the back of this positive development.
Speaking to CNBC-TV18, Basudeb Banerjee of Quant Broking, says the IT sector is likely to consolidate in the days to come owing to the stability seen in the US markets.
Basudeb Banerjee of Quant Broking is of the view that Hero Motocorp may slip to Rs 1850. However, he is confident with FY16 visibility Hero Motocorp definitely deserves a better rating.
Basudeb Banerjee of Quant Broking feels that Bajaj Auto may test Rs 2100.
Basudeb Banerjee of Quant Broking is of the view that one may buy Tata Motors at around Rs 350 apiece. "From short-term perspective, Tata Motors is fully valued at Rs 400, better wait for Rs 350 or below levels to make a fresh entry," he adds.
Raising capex guidance for FY15 by its UK subsidiary Jaguar Land Rover has caused selling pressure in Tata Motors stock
Ankita Somani, Analyst at Angel Broking is of the view that Wipro has been a laggard in terms of revenue growth among the top four IT companies.
Basudeb Banerjee of Quant Broking believes Apollo's ambition to become a USD 10 billion entity in next four-five years will prevent it from any side affects if the Copper deal gets scrapped as the company will continue hunting for new acquisitions
Post acquisition, Apollo will become the seventh largest tyre manufacturer in the world. The acquisition will give Apollo access to higher margin markets says, Basudeb Banerjee of Quant Capital
West Bengal Chief Minister Mamata Banerjee has publicly apologised for the clash between police and villagers at Loba village in Birbhum district on Tuesday. However, she denied it had anything to do with land acquisition and said the police had shown patience in dealing with the situation.