Maruti Suzuki - Strong Q3 with Beat Across Numbers; Maintain BUY
Prevailing demand scenario healthy: At the end of Q3FY23, customer orders stood at ~3.63 Lc vehicles out of which about 1.19 Lc orders were for...
242 Views
LG Energy IPO Lock-Up - Last of the Lockups at US$3bn
LG Energy Solution (373220 KS) raised US$10.8bn in its South Korea IPO, after pricing at the top-end of the IPO price range. Its one-year lockup...
434 Views
Auto Q3FY23 Preview - Margin Recovery Likely in Q3
We expect Revenue/EBITDA/PAT of Auto OEMs to grow at 17%/39%/45% YoY in Q3FY23. However, we expect Auto OEMs to post de-growth of 6%/1.5%/2.3% on a...
295 Views
Q3fy23 Preview: Margins Likely to Expand
We believe the broad-based earnings momentum which remained robust for multiple quarters is likely to take a brief pause in Q3FY23.
265 Views
Automotive Industry - Robust CVs & Tractor Demand
The domestic CV wholesales registered positive sales momentum as it posted growth of 21%/18% YoY/MoM in Dec’22, driven by the pick-up in...
350 Views