Two-wheeler makers are better placed to deal with the old inventory. The two-wheeler inventory lying with dealers constitutes 15% of the total quarterly sales.
ETFs have invested $1.2 billion in India since the beginning of 2017, accounting for nearly 18% of the total ETF flow into EMs, according to Bloomberg data.
The company's weighted average execution cycle has increased by 50% since FY08 since some of its clients had to defer projects due to lack of financing.
The move will put to rest the uncertainty over future production, a critical overhang on the stock; to likely add $1 b to firm's valuation, says Credit Suisse
Among the major funds, Harvard Management Company, the fund with AUM of $35 billion, has been actively participating in the Indian primary market.
Moderating prices of rubber, a major raw material, and the possibility of an anti-dumping duty on cheap imports are making these stocks more attractive.
You may ignore the IPO due to expensive valuation amid rising competition but if the valuation becomes reasonable after listing, you may reconsider the stk.
The company has told component vendors to be ready with supplies for production of 17.25 lakh to 17.30 lakh vehicles in fiscal 2018 starting April.
Though both domestic and FPI funds are underweight on RIL for the last couple of years, a sharp surge in a day on Wednesday suggests buying in the under-owned stock has picked up due to a host of positive triggers.
The deal, done at a reasonable valuation, will help Havells deploy idle cash into the business. But there are concerns in the near term on margin dilution.
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