The brokerage adds that Motherson’s near dominance with Maruti is reducing as the four-wheeler manufacturer is decreasing its single vendor concentration. Maruti is in process of enforcing its single vendor not having more than 70 percent share. Hence, Motherson which enjoys 85 percent share in Maruti component parts will suffer.
Posts tagged MC
Motherson tanks 9% on domestic biz, Volkswagen woes (21-09-2015)
Motherson tanks 7% on domestic biz, Volkswagen woes (21-09-2015)
The brokerage adds that Motherson’s near dominance with Maruti is reducing as the four-wheeler manufacturer is decreasing its single vendor concentration. Maruti is in process of enforcing its single vendor not having more than 70 percent share. Hence, Motherson which enjoys 85 percent share in Maruti component parts will suffer.
Buy KCP; target of Rs 105: LKP (21-09-2015)
LKP is bullish on KCP and has recommended buy rating on the stock with a target price of Rs 105 in its research report dated September 18, 2015.
Buy Jindal Worldwide; target of Rs 195: Firstcall Research (21-09-2015)
Firstcall Research is bullish on Jindal Worldwide and has recommended buy rating on the stock with a target price of Rs 195 in its research report dated September 19, 2015.
Sensex, Nifty sluggish; Reliance, HDFC, HUL major laggards (21-09-2015)
Hindalco, Tata Motors, Axis Bank, Maruti and GAIL are top gainers while Cipla, Reliance, Dr Reddy’s Labs, HDFC and HUL are major losers.
There is money to be made in private sector banks: Mirae (21-09-2015)
Rahul Chadha, Mirae Asset Global Investments gave his detailed views on valuations of midcap stocks, prospect of pharma sector and possibility of indices riding higher if private banks can tackle NPA issues.
Money matters: Indian IT cos among world’s worst paymasters (21-09-2015)
According to recruitment platform MyHiringClub.com’s Worldwide IT Salary 2015 survey, India was ranked 7th on the list of lowest paymasters for information technology (IT) managers, down by one position from last year’s.
Strides Arcolab jumps 4%, acquires Sun Pharma’s CNS biz (21-09-2015)
Sun Pharmaceutical Industries and Strides Arcolab have entered into a definitive agreement to acquire erstwhile Ranbaxy’s Solus and Solus Care for Rs 165 crore.
Focus on private banks, SBI from PSU space: Dipan Mehta (21-09-2015)
Dipan Mehta, Member at BSE NSE is of the view that focus still remains on the private sector banks and the private sector NBFCs and prefers SBI from the PSU banking space.
GVK defers IPO plans of Rs 3,500 crore: Sources (21-09-2015)
Sources told CNBC-TV18’s Farah Bookwala that the current volatility in the market has forced the company to rethink of IPO plans.