IRCTC OFS - Well Flagged Deal for an Overly Well Priced Stock
Government of India (GoI) aims to raise up to US$360m via selling its 5% stake in Indian Railway Catering and Tourism (IRCTC IN). In this note we...
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India Equity Strategy: Cost inflation peaked out; margin recovery on the horizon
Q2FY23 earnings season saw an overall in-line performance, with wide divergences across sectors and companiesAggregate revenue/PAT grew by 31%/4% YoY
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Eicher Motors - Encouraging Q2 Numbers; Maintain BUY
Eicher Motors Ltd (Eicher) reported a good set of numbers. Standalone Revenue/EBITDA both grew by 5%/2% sequentially (56%/82% YoY).
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Automotive Industry - Strong Momentum in PV & CV Sales
The domestic PV wholesale volumes grew 31% YoY in Oct’22 fueled by robust festive demand and OEMs deliveringto cater the strong order books.
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Autos (Q2FY23 Results Preview): Margins likely to bottom out
However, all the segments have seen QoQ growth in volumes as all OEMs prepare for a pick-up in demand during the festive season
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