Nifty-500 companies have reported a robust performance in the fourth quarter of FY24 primarily driven by domestic cyclicals like BFSI and auto sectors, stated a report by domestic brokerage firm Motilal Oswal. However, global cyclicals such as Oil & Gas (O&G) and metals dragged down the index, the report said. Nifty-500 companies recorded a 7% … Read more
As the Indian automobile sector gears up for the long festive season which begins in two weeks with the Ganesh Chaturthi festival, auto stocks, whose fortunes will be aligned with the performance of the companies during this period, have come under the spotlight. Top brokerages along with analysts that ETMarkets spoke to remain gung ho … Read more
Automakers’ focus on cost control is also helping margins surge to new highs, although volume still has not reached the pre-Covid level. Synopsis Auto sector inflow accounted for 21% of the total FPI inflow of $5.4 billion from the beginning of the current fiscal year. This is the second-biggest inflow to a sector after financial … Read more
The Wheels of India embraced the challenges faced in the past few years and now it is at the cusp of rapid growth over the next decade. There is absolutely no brake on consumer mobility behaviour when it comes to the adoption of new technology innovations and trends in the automobile industry. Connectivity, Autonomous Driving, … Read more
Weak export numbers and volumes are likely to dent Bajaj Auto‘s fourth-quarter earnings. Margins are also expected to contract sequentially due to weak operating leverage. The company has seen its volumes decline by 13% sequentially during the March quarter, mainly on account of lower exports. Exports during the January-March period were down 41% year-on-year (YoY). … Read more
“Ashok Leyland has been consolidating for the last few months at current level. Business has been improving at a very fast pace. Market share recovery has been strong. Margins are just recovering. So that is another stock which we like on the OEM side,” says Jinesh Gandhi, Motilal Oswal Financial Services While highlighting how the … Read more
NEW DELHI: Most analysts are turning bullish on auto stocks as Q1 volumes recover across segments and supply side issues seem to be easing, with an improvement in the supply of semiconductors. Led by rallies in , MRF, Mahindra & Mahindra, Hero Moto and , the Nifty Auto index is up over 8 per cent … Read more