Top Sector Ideas - Auto and Auto Ancillaries
The companies under our coverage reported Revenue/EBITDA/PAT growth of +20%/+33%/+33% YoY against expectation of +19%/+29%/+29%.
405 Views
Top Picks - Upcoming Monsoon Critical for Broad-Based Recovery - June 2023
Axis Top Picks basket delivered impressive returns of 25% in the last one year, outperforming the benchmark Index NIFTY 50 (12% returns in one...
522 Views
Mahindra CIE Automotive Ltd - Upbeat on Continued Operational Outperformance
Mahindra CIE’s revenue from continuing operations stood in line with our estimates at ~Rs 2,440 Cr in Q1CY23, up 18.4%/8.6% on a YoY/QoQ basis.
333 Views
Mahindra CIE - Market Share Gains & Profitability to Drive Growth
We initiate coverage on Mahindra CIE Automotive (MCIE) with a BUY recommendation and price target of Rs 475/share, implying an upside of 27% from...
392 Views
Mahindra CIE (MCI) - Steady Performance, Healthy Demand Outlook…
Mahindra CIE (MCI), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier.
270 Views