CarTrade Tech Pre-IPO - Acquisition Adjusted Growth Remains Low
CarTrade Tech aims to raise around US$300m in its India IPO. The company is backed by Warburg and Temasek, and claims to be the most popular auto...
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Maruti Suzuki: Weak Q1, Volume Outlook Positive
We maintain our HOLD rating while revising our TP upwards to Rs 7,500(from Rs 6,950 earlier) and value the stock at 25x its FY23E EPS, implying an...
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HSIE Results Daily: Maruti Suzuk, Nestle India, Dalmia Bharat, Teamlease Services
HSIE Results Daily Maruti Suzuki: Marutis Q1FY22 PAT, at INR 4.4bn (-62% QoQ), was adversely impacted by the second wave of COVID. We believe that...
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Suzuki – Maruti Weakness Makes Our Predicted Miss Likely
Maruti results showed that in addition to the material cost inflation we pointed to, labour cost was also surprisingly high, illustrating the...
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India Channel Insight | Maruti, Hyundai, Tata Motors, Eicher, Ola Electric
In this Insight, we present commentary from our interactions with dealers of Maruti, Hyundai, Royal Enfield. We also present anecdotal commentary...
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