Auto Preview Q1FY24 - Growth Tapers but Margins Will Remain Strong
The auto sector has outperformed the Nifty Index by about 14% over the last six months on the back of the expectation of rural revival and...
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Auto - Q1FY24 - Earnings Preview
On a QoQ basis, we forecast margin expansion for TVS/Bajaj in the 2W segment, which will be driven by higher export volume and a better product mix.
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India Equity Strategy: Banks continue to lead the pack; profitability improves for most sectors
Our coverage universe saw strong YoY revenue growth in auto, lending financials, industrials, IT, cement and power sectors
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India Equity Strategy - Banks Continue to Lead the Pack; Profitability Improves for Most Sectors
Q4FY23 earnings season saw an overall in-line performance, with wide divergences across sectors and companies. Aggregate revenue/PAT grew by 13%/9%...
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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%.
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