Automotive Industry - CVs, PVs Outperform
The domestic CV wholesale volumes registered positive momentum with 9% YoY growth in Jan’23, which was driven by the pick-up in infrastructure...
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Automotive Industry - Robust CVs & Tractor Demand
The domestic CV wholesales registered positive sales momentum as it posted growth of 21%/18% YoY/MoM in Dec’22, driven by the pick-up in...
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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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HSIE Results Daily: Mahindra & Mahindra, Ashok Leyland, Oil India, AGS Transact
Mahindra & Mahindra: Mahindra & Mahindra’s Q2 adjusted PAT, at INR 23.4bn, came in above our estimate of INR 19.5bn, primarily due to higher-than...
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HSIE Results Daily: Dalmia Bharat, Mahindra & Mahindra Financial Services
Dalmia Bharat: We maintain our BUY rating on Dalmia Bharat (DALBHARA), with an unchanged TP of INR 2,145/sh (13x its Sep-24E consolidated EBITDA)
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