Category: Broker Research


One amongst the listed pure play Cv player, finds its buyers in countries such as Bangladesh, Nepal, Nigeria, Ghana, Zambia, West Indies, Sri Lanka, besides India. 15-16% volume CAGR is expected for SML over FY19-21E, led by recovery in demand for the School Bus segment and expanding presence in the cargo segment.
Oct. 16, 2018, 11:47 a.m.

In the past fiscal year, SRF confronted sizeable challenges in its key business lines of Technical Textiles (muted revenue growth of 3.5% – led by subdued growth in NTCF).
Oct. 16, 2018, 11:01 a.m.
Publisher: motilaloswal.com

Escorts has successfully turned around in the past 2-3 years by focusing on (i) new products to stabilize market share, (ii) cost reduction to improve tractor gross margins.
Oct. 15, 2018, 12:02 p.m.
Author : Way2wealth | Publisher: indianotes.com

Torrent Power Limited is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra and Uttar Pradesh.
Oct. 12, 2018, 12:03 p.m.
Publisher: edelweiss.in


CESC’s board of directors has decided to go ahead with the demerger but with some modification. Instead of demerging the power business into generation and distribution, it will be keeping it as a single entity.
Oct. 12, 2018, 11:58 a.m.
Publisher: motilaloswal.com

Post the 4QFY17 results, we had downgraded LIC Housing Finance (LICHF) to Neutral citing concerns on rising share of non-core home loans, modest core home loan growth vis-à-vis peers, risk to spreads and rich valuations.
Oct. 12, 2018, 11:58 a.m.
Publisher: motilaloswal.com

Over FY18-21, we expect domestic M&HCV volumes CAGR of ~8% (base case), driven by economic recovery, proliferation of hub & spoke model, and overload restrictions.
Oct. 10, 2018, 11:32 a.m.
Publisher: motilaloswal.com

With LT’s announced 2Q19 orders at INR340b, we estimate 2Q19 orders at INR475b, +65% YoY and 1H19 orders at INR836b, +51% YoY.
Oct. 10, 2018, 11:32 a.m.
Publisher: motilaloswal.com

Jaguar volumes up 9% YoY, but Land Rover volumes decline 19% YoY. JLR’s wholesale volumes declined 8% YoY (+24% MoM) to 53k units (est. of 45k units; includes China JV volumes of 4.8k units) in Sep-18.
Oct. 9, 2018, 11:56 a.m.
Publisher: motilaloswal.com

We took a look at the recently launched washing machines and refrigerators of ‘Voltas Beko’—a TATA product, which are expected to see a pan-India rollout by Diwali this year.
Oct. 9, 2018, 11:56 a.m.
Publisher: motilaloswal.com