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
Shares of automobile companies, particularly the four-wheeler makers, registered strong gains in FY23, as the outlook for earnings improved significantly with the strong demand for passenger as well as commercial vehicles. Mahindra & Mahindra topped the list among 4-wheeler makers, with the stock clocking 40% gains. Companies such as Maruti Suzuki, Ashok Leyland, and Eicher … Read more
NEW DELHI: Amid easing chip supplies and pent-up festive season demand, auto has emerged as the best-performing sector on Dalal Street in the last 6 months. Now, ahead of the September quarter earnings season, analysts expect margins to improve for the second straight quarter due to operating leverage benefits and raw material tailwinds. “We forecast … 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
India Ltd, part of the S&P BSE Sensex index, rose over 1 per cent in the last five sessions and over 11 per cent in a month, triggering a breakout from a 4-month-long consolidation range. The auto stock was moving in a broad range of 1,100 points since February, where Rs 8,300 acted as a … Read more
Auto industry has been gasping for growth for over 10 years now. The different sub segments of the industry have only grown at a 3-6% CAGR over FY10 to FY20 as compared to 10-12% CAGR over FY00 to FY10. The growth of the industry has been impacted as the fortunes of the automobile industry are … Read more