Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Research

| More

Auto sector shifting gears, Feb volumes indicate fast recovery in sight: Angel Broking

Posted On: 2017-03-04 23:57:16

Views of Mr. Shrikant Akolkar (Research Analyst- Auto & Auto Ancillary, Angel Broking):

"Overall the February auto sales numbers indicate that the domestic auto industry is showing traits of strong recovery. PV segment has shown resilience which is reflected by growth of 11% and 12% respectively in Maruti Suzuki and Tata Motors' February numbers. Maruti Suzuki has continued to report strong growth in UV segment while Tata has reported good response to its latest UV offering Tata Hexa as well as recently launched hatchback Tata Tiago. Though the two wheeler numbers were impacted most after demonetisation, the February sales data shows that the 2W industry remains on a path to strong recovery. CV maker Ashok Leyland reported 5% YoY growth in CVs indicating it has continued to show recovery in its CV sales. Overall we expect good volume growth in March as ample liquidity is likely to have restored. The low interest rates are also likely to drive the automobile sales."


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

Initiating Coverage: HSIL Ltd - Angel Broking
Result Update: The Phoenix Mills Ltd - BUY - TP Rs.672 - Kotak
Result Update: Time Technoplast Ltd - BUY - TP Rs.214 - Kotak
Result Update: Shipping Corporation of India - BUY - TP Rs.110 - Kotak
Result Update: PNC Infratech Ltd - BUY - TP Rs.208 - Kotak
Result Update: KNR Constructions Ltd - ACCUMULATE - TP Rs.348 - Kotak
Result Update: NBCC (India) Ltd - ACCUMULATE - TP Rs.229 - Kotak
Result Update: Jindal Stainless Hisar Ltd - BUY - TP Rs.318 - Kotak
Result Update: NMDC Ltd - SELL - TP Rs.130 - Kotak
Result Update: Talbros Automotive Ltd - BUY - TP Rs.389 - Kotak
Result Update: Sterling Tools Ltd - ACCUMULATE - TP Rs.428 - Kotak
Result Update: FIEM Industries Ltd - BUY - TP Rs.1203 - Kotak
Management Meet Update: Escorts Ltd - BUY - TP Rs.1051 - Kotak
Result Update: GE Shipping Company - BUY - TP Rs.500 - Kotak
Result Update: Marico Ltd - ACCUMULATE - TP Rs.327 - Kotak
Result Update: Mahanagar Gas Ltd - ACCUMULATE - TP Rs.1084 - Kotak
Result Update: Wonderla Holidays Ltd - BUY - TP Rs.457 - Kotak
Result Update: Asian Granito India Ltd - BUY - TP Rs.705 - Kotak
Result Update: NALCO - BUY - TP Rs.100 - Kotak
Result Update: VA Tech Wabag Ltd - BUY - TP Rs.672 - Kotak
Result Update: Greaves Cotton Ltd - REDUCE - TP Rs.136 - Kotak
PNB's 11300 cr fraud will impact the asset quality: Angel Broking
Lambodhara Textiles Ltd Q3 net profit climbs to Rs. 3.46 crores
Result Update: GHCL Ltd - BUY - TP Rs.365 - Kotak
CHHOTA (to) Mota Ideas - Result Update: Eveready Industries India Ltd - BUY - TP Rs.530 - Kotak
Result Update: Tata Motors - BUY - TP Rs.477 - Kotak
Result Update: Bajaj Auto Ltd - BUY - TP Rs.3670 - Kotak
Views on Indoco Remedies Ltd 3QFY2018: Angel Broking
Government finally lays out a detailed roadmap for PSU banks: Angel Broking
Idea Cellular feels the pressure of Jio pricing in Q3: Angel Broking
Company Update: GHCL - BUY - TP Rs.365 - Kotak
Result Update: Zee Entertainment Exterprises Ltd - REDUCE - TP Rs.610 - Kotak
Result Update: Hindustan Unilever Ltd - ACCUMULATE - TP Rs.1520 - Kotak
Result Update: TV18 Broadcast Ltd - ACCUMULATE - TP Rs.67 - Kotak
Views on Wipro Limited 3QFY2018: Angel Broking
Yes Bank reports better than expected quarterly results: Angel Broking
Result Update: DB Corp Ltd - BUY - TP Rs.550 - Kotak
Result Update: Adani Port and Special Economic Zone (APZ) - BUY - TP Rs.485 - Kotak
Result Update: Ultratech Cements Ltd - BUY - TP Rs.4978 - Kotak
Views on HCL Technologies Ltd 3QFY2018: Angel Broking
MIRC Electronics - Initiating Coverage - Kotak
Result Update: Tata Sponge Iron Ltd - REDUCE - TP Rs.1172 - Kotak
Result Update: Hindustan Zinc Ltd - REDUCE - TP Rs.315 - Kotak
Result Update: Zensar Technologies - ACCUMULATE - TP Rs.971 - Kotak
Result Update: Cyient Ltd - REDUCE - TP Rs.689 - Kotak
Result Update: NIIT Technologies Ltd - ACCUMULATE - TP Rs.798 - Kotak
Result Update: Chennai Petroleum Corporation Ltd - ACCUMULATE - TP Rs.495 - Kotak
Result Update: ITC Ltd - BUY - TP Rs.318 - Kotak
Result Update: Kansai Nerolac Paints Ltd - BUY - TP Rs.600 - Kotak
Axis Bank flatters the street in the third quarter: Angel Broking


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018