The initial public offer of auto component maker Sandhar Technologies was subscribed 40 per cent on the second day of bidding, reported PTI. The IPO to raise Rs 512 crore..
Healthy quarter; Retain Buy
* Revenue grew by 17% yoy to Rs15.5bn (Emkay Est: Rs14.8bm; Consensus Est: Rs15bn), which is above estimate, dr..
Sandhar Technologies Ltd is engaged in the manufacturing a diverse range of automotive components and systems, primarily focusing on safety and security systems for autom..
Motherson Sumi Systems’ (MSS) Q3FY18 revenues came in at Rs144bn, up ~36% YoY/ 7% QoQ (highest quarterly revenues), in‐line with our estimates and with particular..
TBA reported strong 3QFY18 results. Revenues in the quarter grew by 30% YoY to Rs1,020mn. EBITDA growth for the quarter was 46% YoY with EBITDA margin expanding by 119bps..
Focus on exports and new products to drive growth
Minda Corp reported better than expected Q3FY18 result. Total income and Net profit increased by 25.2% and 78% yoy r..
Steel Strips Wheels Limited (SSWL) has said that it has bagged yet another big Exports order for supply of Steel wheels for EU Caravan market. Order comprises of approx. ..
FIEM reported strong 3QFY18 results. Company’s revenue grew by 22% YoY to Rs2,859mn. Auto segment growth came in robust, due to high volume growth by FIEM’s t..
* The stock has taken multiple supports in range of 301-305 levels over the past few weeks and seen some positive momentum in the past few days with the sector in focus.
Motherson Sumi Systems Ltd.
* Motherson Sumi (MSSL) is a pure play auto ancillary company, catering to Indian as well as global markets. MSSL ..
* On an hourly chart, the stock is giving a breakout of its upper band of Downward Slopping Channel with above average volume which indicates an upside movement in the co..
India Ratings and Research (Ind-Ra) has maintained a stable outlook for the auto ancillary sector for FY19, based on the expectation of healthy growth in original equipme..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
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Rupee rises by 12 paise to Rs 69.05 against dollar
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Infosys signs agreement with U.S. IRS; sees lower tax rate
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Santa rally on the cards, Nifty to march towards 12400 - ICICI Direct
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