New Delhi: Car discounts have doubled from August last year and are likely to stay high through the festive season, till end of December, as carmakers and dealers rush to liquidate a huge pile-up of inventory amid slowing sales. From market leader Maruti Suzuki to Hyundai, Tata Motors, Skoda and Honda – they are all … Read more
ET Intelligence Group: Foreign investors are enhancing their exposure to the Indian automobile sector at a record pace, enthused by earnings that have exceeded consensus estimates, supported by lower raw material prices and an improved product mix.According to data from NSDL, foreign investor weightage in the auto sector reached a record 8.10% in July on … Read more
“I think one thing the market is now trying to price in is that it will survive and I think the first worry was that whether it will survive or not. I think the bigger worry from an investor point of view would be how quickly it can build network, how quickly it can win … Read more
“I think just enjoy sometimes. It is good to enjoy the gains and be happy about it. And wait for bargains. Days like 4 June can come once in a while. But last 40 years if you see, every year there has been a 10% correction. And I think India remains a buy on dip, … Read more
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
“If we only talk about the Nifty, I would have liked to see some kind of a consolidation or rather pullback at this point after this four-five-day one-sided move post the election results,” says Rohit Srivastava, Strike Money Analytics & Indiacharts. Why do not we begin by discussing the auto sector itself. Of course, fundamentally, … Read more
“Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing. With per capita spending increasing, fast-moving electrical goods, home improvement, and auto sectors tend to do well,” says Gurmeet Chadha, Complete Circle ConsultantsWe are hearing reports suggesting an acute shortage of air conditioners and other consumer durable goods. … Read more
“Except for oil and gas and metals, I think we stand good as far as the earnings growth is concerned. It will broadly be 13% to 15% sort of earnings growth for this quarter sectorally except for metals and oil and gas,” says Manish Sonthalia, CIO, Emkay Investment Manager.How are you observing the markets right … Read more
Mahindra Group has announced a massive investment plan of Rs 37,000 crore over the next three years, with a significant portion dedicated to the auto sector. Anish Shah, the Managing Director and CEO, revealed that the company aims to introduce 23 new vehicles by 2030. This ambitious plan includes the launch of nine internal combustion … Read more
Mumbai: Most auto company stocks made fresh highs on Monday in anticipation of strong March quarter results from them. Traders created fresh bullish bets on auto stock futures as the recent outperformance is expected to continue through the current valuations may be reflecting most of the optimism around the share prices. Maruti Suzuki, Mahindra & … Read more
