L&T’s stock has underperformed 12 per cent compared with the Nifty in last three months.
Maruti Suzuki’s volume fell 24 per cent in the first half of the current fiscal.
Domestic and foreign investors have increased holding in such companies.
Despite their underperformance, investors have not outrightly lowered exposure to midcaps.
FPIs have raised holdings in the ‘bottoms-up’ stocks in the range of 2-6% in September quarter.
OMC stakes in other energy companies are in the range of 2 per cent to 22 per cent.
The Auto index has outperformed the broader index by an average 2 per cent return.
An increase in rates likely to boost average revenue per user, improving the payback period and cash flows, move to help the company reach zero net debt by FY21.
The Street expects Endurance’s domestic revenue growth to be positive for FY20.
Huge discounts and extended warranty have attracted consumers looking for value buys.
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