Consumer durables will enjoy twin benefits of strong market growth and increased market share owing to the shift from unorganised to organised, said Nischal Maheshwari.
In a call with analysts, the company's management said October sales growth was 40%, which dropped to low double digits in November and December post demonetisation.
Indian markets are a few percentage points away from record high but in the context of strong growth possibilities, the valuations are not expensive, said Khemani,
Jubilant has appointed consultants to optimize costs, gains from which should be visible in the coming months, said CLSA.
Under the proposed border tax adjustments, cost of an average vehicle could increase cost of an average vehicle by $2,300, while JLR could face an impact of $9,000 per vehicle on its US volumes.
Bharat Forge competes mainly with imports from other regions in the US and replacing these imports entirely with domestic supplies may not be possible, said CLSA.
Marc Faber, editor and publisher of `The Gloom, Boom & Doom Report' says emerging markets will do well despite US President Trump's protectionist agenda.
“We see value even after factoring in harsh cuts to business from Vodafone and Idea,” said Credit Suisse in a report.
“Given the market conditions and the good subscription, BSE is likely to see a good debut,” said Geetanjali Kedia, senior research analyst at advisory firm SPTulsian.com.
Investors were worried that the government may change the capital gains structure and not provide relief to foreign investors on the indirect tax issue.
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