Sector Update - Automotive Industry
Channel Check ahead of festive season: We interacted with the dealers across the country of Hero Moto Corp, TVS, Bajaj Auto, Eicher, Maruti Suzuki...
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HSIE Results Daily: Dabur, Eicher Motors, Hindustan Petroleum Corporation
Dabur: Dabur delivered an operationally in-line Q1FY24 print with consolidated revenue/EBITDA each growing by 11% YoY while volume grew by 3% (c.6%...
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Auto - Q1FY24 - Earnings Preview
On a QoQ basis, we forecast margin expansion for TVS/Bajaj in the 2W segment, which will be driven by higher export volume and a better product mix.
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Eicher Motors: Aggressive competition could hurt growth. Downgrade to REDUCE
We downgrade Eicher Motors to REDUCE (from ADD earlier) as a significant increase in competitive intensity has changed the business dynamics...
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Hero Motocorp (HMCL IN) | Course Correction
HMCL IN on course correction, realizing past mistakes. Catalysts ahead. Stock undervalued, low institutional holdings demand attention!
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