Stance: Invested
There should be a movement in topline and bottom line in next 1-2 years. Their revenues are linked to how BEV and ICE automotive industry are performing. In the current high interest scenario across the world, people are skeptical to take loans to buy vehicles. But when the interest rate cuts start globally, the sales will start increasing sharply.
Of course, there might be some lags in the timeline. But generally, auto sector and infrastructure sectors are beneficiaries of rate cuts. This is my hypothesis on the stock.
Subscribe To Our Free Newsletter |