Atul Auto’s sales volumes grew 27% on an annualised basis between fiscal 2009 and fiscal 2015, compared with industry growth of 4%.
Buyers in global equity markets seem to be on a hiatus so far in 2016, a year that has seen nearly $3 trillion of value being eroded.
Higher demand, new launches make four-wheeler firms like Tata Motors & Maruti top picks among auto stocks
Four-wheeler makers are more attractively placed to reap benefits of a recovering economy, 7th Pay Commission award, declining rates and GST.
In a recent 'Greed and Fear' note, CLSA shifted the entire weight of 4 per cent earlier assigned to L&T in Asia-Pacific long portfolio in favour of RIL.
Fewer working days during the month, floods in Chennai, and a sustained flow of negative news from around the world are cited as some of the reasons for the weak inflows.
The defence order will be under the ambit of heavy engineering segment, where margins are already 400 basis points superior compared to blended margins.
China may be thousands of miles away and the best Chinese restaurant a tough trace amid traffic snarls, but China is never far away from investors’ minds these days.
Most analysts believe that negative triggers have been priced into the stock after it lost nearly one-third its market value in the past six months.
The Mukesh Ambani-controlled oil-to-telecom giant is set to commission nearly $30-billion of projects this year alone, setting the stage for faster earnings growth.
The company had an outstanding order book of Rs 530 crore at the end of October of which 83% was from the defence sector.
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