India Equity Strategy: Commodity pressure easing, margin expansion on the cards
Aggregate revenue/PAT grew by 19%/6% YoY across the HSIE coverage universe (~208 stocks), their three-year CAGR being 15%/15%
246 Views
HSIE Results Daily: Siemens, Eicher Motors, Bharat Forge, Torrent Power
Siemens: Siemens India Ltd (SIL) delivered robust Q1FY23 revenue/EBITDA/APAT of INR 36.5/5.5/4.4bn, beating our estimate by 0/32/43%
294 Views
Eicher Motors - Slight Miss on ASP; Long-Term Outlook Intact
Company has multiple levers to expand in the mid-weight segment in both domestic and export markets. The Super Meteor 650 has received a good...
268 Views
Automotive Industry - CVs, PVs Outperform
The domestic CV wholesale volumes registered positive momentum with 9% YoY growth in Jan’23, which was driven by the pick-up in infrastructure...
354 Views
Autos (Q3FY23 Results Preview): CVs could outperform in Q3
In Q3, while 2W demand failed to pick up even in the festive season, PV, tractor and CV demand remained healthySupply chain constraints for major...
463 Views