“If we look at Mahindra & Mahindra’s example, where they appointed Anisha Shah as CEO from her prior CFO role, it also proves that a transition from CFO to CEO ensures financial discipline while scaling the business. In that sense, I believe PB Balaji is a good choice and could deliver even better results going … Read more
“It is a kind of bottom-up stock pickers market. So, the companies which are likely to perform well over the period of next three to four quarters are likely to be on radar of investor,” says Sunny Agrawal, SBI Cap Securities.It has been a decent recovery in April. What do you think this month has … Read more
“The impact of that should be felt on demand and these stocks have fallen. The auto stocks have fallen reasonably, especially two wheelers and Bajaj Auto,” says Sandip Sabharwal, asksandipsabharwal.com. I wanted your view actually on Mahindra & Mahindra. The fact that they are expanding their portfolio as well with this sort of an acquisition … Read more
Rajesh Jejurikar, ED & CEO, Auto & Farm Sector, M&M, explains how M&M beat the industry on both SUV and tractor segments. In SUVs they have 23% revenue market share and in tractors, they have 44% market share. In SUVs, there have been five successful launches over the past five years. The first significant launch … Read more
Anish Shah, Group CEO & MD, Mahindra Group, says what is helping the company stay ahead of the industry is a function of the products that they have tried to develop products which are not only the best in their segment but compete with maybe even a couple of segments above that. They are very … Read more
Amid concerns over sluggish vehicle demand even in the ongoing festive season, auto stocks succumbed to selling pressure on Tuesday. Tata Motors led the downside with 6% drop. Nifty Auto index was trading over 2% lower. Shares of Bajaj Auto and Hero Moto fell around 3% each while Maruti Suzuki and Mahindra & Mahindra were … Read more
Mumbai: India’s benchmark indices ended nearly 1% higher on Thursday, in a late surge, driven by short covering ahead of the expiry of Nifty‘s weekly futures and options contracts. NSE’s Nifty rose 203.3 points or 0.92% to close at 22,403.85. BSE’s Sensex rose 676.69 points or 0.93% to end at 73,663.72. Both indices fell as … Read more
New Delhi: The country’s largest two-wheeler maker Hero MotoCorp’s market cap reached Rs 1 lakh crore for the first time on Tuesday as its stock crossed the Rs 5,000 mark. Hero’s stock has surged 85.42% in the last 12 months and 21.8% so far this year. Investors have been upbeat on the stock on the … Read more
Consistent Performers The week ended on February 23, and during this time, the Sensex benchmark index went up by about 1% compared to the previous five trading days, closing at 73143, showing a gain in three out of the last five sessions. During this up move, ETMarkets found eight stocks in the BSE500 index that … Read more
Automobile companies have kickstarted the current financial year on a very strong note, as a majority of them reported double-digit growth in both revenue and profits for the six months ended September. While growth was board based, four-wheeler makers saw revenue growing at a faster pace than two-wheeler makers. This was on the back of … Read more