Last fiscal, L&T delivered on its stated guidance of order inflows and revenue growth.
CEAT has underperformed the benchmark Sensex by 7 per cent in the past three months.
Demand for cars, two-wheelers, air travel and consumer goods dropping to multi-quarter lows
Any turnaround may take a while with slowdown in the auto industry
Gains in April were stalled mainly due to the increase in oil prices.
That’s not the most encouraging piece of statistics for valuations at TVS.
Hero MotoCorp’s earnings growth in FY19 dropped 7.5 per cent, the first in five years.
Market may shrink by up to 7% by 2021 as Maruti won't manufacture diesel cars after April 2020.
Maruti said FY20 is unpredictable as the impact of regulatory changes is unknown.
The IPO appears to be richly valued when compared with listed peers.
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