“Except for oil and gas and metals, I think we stand good as far as the earnings growth is concerned. It will broadly be 13% to 15% sort of earnings growth for this quarter sectorally except for metals and oil and gas,” says Manish Sonthalia, CIO, Emkay Investment Manager.How are you observing the markets right … Read more
Mumbai: Maruti Suzuki’s continued dominance on Dalal Street as investors’ most preferred domestic automobile maker faces challenges with rival Hyundai Motor preparing for a debut on Indian bourses. The South Korean car maker’s listing in the country could weigh on the premium valuations that Maruti’s shares enjoyed over other auto companies so far, said fund … Read more
Interim Budget Expectations: The government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space. The Union government is all set to present the interim budget on February 1. “We expect capex … Read more
India’s economy is set for a strong third quarter after a stellar show in the July-September period, showed a series of high-frequency indicators released on Friday. Manufacturing picked up pace in November, goods and services tax (GST) collections posted another month of robust growth, while auto companies dispatched record-high vehicles to dealers for November. The … Read more