ET Intelligence Group: ASK Automotive, a supplier of brake systems to two-wheeler makers, is planning to raise ₹834 crore from the initial public offer. The entire IPO is an offer-for-sale by its promoter that would bring down promoter holding to 75% post IPO compared with 100% before IPO. The company has been outperforming the two-wheeler … Read more
Shedding its ‘underperformer’ tag of the past four years, the Indian auto sector is all set to post a double-digit earnings CAGR over FY23-26E making it a prize catch for the investors, Jefferies said in a note while picking 9 stocks as buys out of the 11 in its auto universe coverage. Jefferies picks Tata … Read more
As the Indian automobile sector gears up for the long festive season which begins in two weeks with the Ganesh Chaturthi festival, auto stocks, whose fortunes will be aligned with the performance of the companies during this period, have come under the spotlight. Top brokerages along with analysts that ETMarkets spoke to remain gung ho … Read more
Sales of premium motorcycles are accelerating at twice the pace of entry-level commuter mobiles and will double in the next five years, mirroring the aspirations of the middle-class in an economy slated to become the third largest in the world shortly, said Siddhartha Lal, managing director, Eicher Motors. Speaking a day before the launch of … Read more