A possible cool off & also an opportunity to play on structural transformation: 6 auto stocks an upside potential of up to 28%
Synopsis While they are all classified under the broad category of auto stocks, the operating matrix of each company is very different. For heavy commercial vehicle players the factors impacting the sales are very different from a two wheeler maker and a passenger car maker has a different matrix to deal with when it comes…
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Should you consider ancillary stocks amid demand and valuation concerns in auto sector?
Diversified auto ancillary companies’ revenue and EBITDA for the April-June quarter outperformed OEMs on a year-on-year basis. Moreover, their focus on electric vehicles, strong order books, and exposure to exports could benefit them amid potential headwinds for original equipment manufacturers, such as growing inventory, weakening demand, and stretched valuations. Diversified auto ancillariesβ revenue growth stood…
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Waning demand set to hit breakneck rally in auto stocks
A sizzling rally in Indiaβs auto shares is reversing as a build up of unsold vehicles and growing discounts by carmakers pressure profit margins. Indiaβs NSE Nifty Auto Index is down 4.1% in August, more than double the decline in the Nifty 50 Index. Bellwether Maruti Suzuki India Ltd. has slid 6% so far in…
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These auto stocks can deliver more than 20 % return in one year according to analysts
Synopsis Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components β earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. Below is a list containing mean…
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