IndiaNivesh has issued a comprehensive report analyzing the Q2FY15 results of the top auto companies and giving clear-cut recommendations on the stocks to buy
IndiaNivesh has issued a comprehensive report analyzing the Q2FY15 results of the top auto companies and giving clear-cut recommendations on the stocks to buy
Auto companies showed decent performance in the month of November 2014; 2W, 3W and cars recorded growth. However LCV continue to show poor performance while recovery was seen in M&HCV sales.
– In Passenger car segment, Tata Motors and Maruti Suzuki performed and recorded double digit growth.
– In two wheelers segment, TVS witnessed strong growth in volume while Hero Motocorp showed muted growth in volume. Though Bajaj Auto is still struggling to increase volume in domestic market due to slowdown in premium segment bike, sound growth (up 24% YoY) was witnessed in export sales.
Somehow IndiaNivesh seems biased against TVS motors. Earlier, the reco was a Sell with a target of 97, after it more than doubled from that “target”, the reco now is to sell with target of 158. Perhaps it will now hit double of 158? 😀