The premium valuations are likely to sustain or may even expand further with increasing volume visibility and little threat to record-high margins.
Investors are wary that revenue growth in the quarter appears unsustainable due to limited clarity on the pace of execution.
The company has been able to maintain leadership position in six out of the seven passenger car segments, holding more than 40% market share in big cities.
Excluding the forex loss, however, Tata Motors' operating margin met expectations of analysts.
Private equity major Advent International and Singapore's sovereign fund Temasek are the new promoters of CGCE.
The combined AUM of Ireland, Canada and Netherlands stood at $22.7 billion and constituted nearly 7.5% of the total foreign investors' AUM in June 2016.
AIA derives about 40% revenues from the mining segment and the rest from other industries. It is gradually increasing presence in Latin America.
In the past 18 months, the company has been able to increase its share of business from Maruti Suzuki to 40 per cent from 33 per cent earlier.
M&M has managed to outperform the industry, recording 20 per cent volume growth in June quarter against tractor segment’s growth of 14.7 per cent.
The company’s management expects the volume growth to be in double digits for the second quarter of FY17 and in high single digit for the rest of the fiscal.
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