Bain Capital is set to exit Hero MotoCorp by selling its remaining stake in the Indian two-wheeler maker, two people familiar with the matter said.
The management has retained its guidance for order intake and revenue growth of 15 per cent each in FY16, while it expects margins to rise 100 bps.
Indian equities had lost some lure in the first half of 2015 when Chinese stocks surged and global investors feared that reforms in India could take longer.
Analysts are factoring in operating margin in the range of 1617% in the current and next fiscal year. This may be revised upwards by 75-150 basis points with commodity prices likely to stay low.
The stock of Hindustan Petroleum Corporation (HPCL) has shot up by 50 per cent in the past three months, reflecting analysts’ expectation of improving cash flows
HPCL had increased focus on this business when the company was struggling to grow its petrol pump fuel business during the regulated price regime.
Maruti Suzuki has achieved a feat no other Indian company with a foreign parent has ever done. It has outgrown Suzuki Motor in market value.
The benefit of synergies from the joint development and low cost production are now fairly visible, thanks to the 25% annual volume growth of KTM in the last three years.
Auto major speeds ahead on gains in local market even as sales of JLR hit a speed breaker with China slipping into a slowdown.
A rough phase during 2012 taught the firm to prioritise margin over revenue and that it needs to close down several products.
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