Powered by: Motilal Oswal

News

Quote on Sona BLW Precision Forging Ltd, stock up by over 12% today by Mr. Milan Desai, Angel One Ltd Below is quote on Sona BLW Precision Forging Ltd, stock up by over 12% today by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd Sona BLW is one of India’s leading automotive technology companies that derives ~40% of its revenues from Battery Electric Vehicles (BEV) and Hybrid Vehicles and is the best play on the electrification trend in the Indian automobile industry. The company provides EV differential assemblies and gears, BSG systems and EV tract...
Quote on Sona BLW Precision Forging Ltd, stock up by over 12% today by Mr. Milan Desai, Angel One Ltd
Quote on Sona BLW Precision Forging Ltd, stock up by over 12% today by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
7/10/2021 1:50:36 PM
TVS Motor Company has reported a strong rebound in auto numbers for September 2021 with a 6% YoY/19% MoM by Mr. Milan Desai, Angel One Ltd Below is quote on TVS Motor Company has reported a strong rebound in auto numbers for Sep’21 with a 6% YoY/19% MoM by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd TVS Motor Company has reported a strong rebound in auto numbers for Sep’21 with a 6% YoY/19% MoM jump in volumes to 3,47,156 units. Domestic 2Ws came in at 2,44,084 units, up 36% MoM as against 2,41,762 units in Sep’20 with all segments posting sequential growth of 17-24%. Total Export...
TVS Motor Company has reported a strong rebound in auto numbers for September 2021 with a 6% YoY/19% MoM by Mr. Milan Desai, Angel One Ltd
TVS Motor Company has reported a strong rebound in auto numbers for September 2021 with a 6% YoY/19% MoM by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
1/10/2021 4:55:39 PM
Quote on Mahindra & Mahindra has reported a total sales of 68,443 units for September 2021, up 32% MoM by Mr. Milan Desai, Angel One Ltd Below is quote on Mahindra & Mahindra has reported a total sales of 68,443 units for Sep’21, up 32% MoM by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd M&M has reported a total sales of 68,443 units for Sep’21, up 32% MoM aided by better-than-expected numbers in Farm Equipment and Pick-ups. Utility vehicles were down 19% MoM to 12,863 units, LCVs/pick-ups were up 5% MoM to 8,784 units while total tractors grew by 99% MoM to 48,222 units. Domes...
Quote on Mahindra & Mahindra has reported a total sales of 68,443 units for September 2021, up 32% MoM by Mr. Milan Desai, Angel One Ltd
Quote on Mahindra & Mahindra has reported a total sales of 68,443 units for September 2021, up 32% MoM by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
1/10/2021 3:37:04 PM
Ashok Leyland reported monthly domestic wholesales numbers of 8,787 units for September 2021 up 5% MoM by Mr. Milan Desai, Angel One Ltd Below is quote on Ashok Leyland reported monthly domestic wholesales numbers of 8,787 units for Sep’21, up 5% MoM by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd Ashok Leyland reported monthly domestic wholesales numbers of 8,787 units for Sep’21, up 5% MoM. Domestic MHCV were up 14% MoM to 4,529 units while domestic LCV declined by 4% MoM to 4,258 units. We believe that these numbers are broadly in line with expectations and given the overall improve...
Ashok Leyland reported monthly domestic wholesales numbers of 8,787 units for September 2021 up 5% MoM by Mr. Milan Desai, Angel One Ltd
Ashok Leyland reported monthly domestic wholesales numbers of 8,787 units for September 2021 up 5% MoM by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
1/10/2021 2:14:03 PM
Quote on Bajaj Auto monthly sales have come in ahead of expectations by Mr. Milan Desai, Angel One Ltd Below is quote on Bajaj Auto monthly sales have come in ahead of expectations by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd Bajaj Auto monthly sales have come in ahead of expectations. The company reported total monthly sales of 4,02,021units for Sep’21, down by ~9%YoY and up by 7.7% MoM. Domestic sales came at 1,92,348 units were down 16% YoY but up 11.4% MoM while Exports were up 4.5% MoM (-1.4% YoY). Domestic CVs (3Ws) nearly doubles on YoY to 18,...
Quote on Bajaj Auto monthly sales have come in ahead of expectations by Mr. Milan Desai, Angel One Ltd
Quote on Bajaj Auto monthly sales have come in ahead of expectations by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
1/10/2021 12:45:12 PM
Quote on Maruti Suzuki`s September 2021 numbers by Mr. Milan Desai, Angel One Ltd Below is quote on Maruti Suzuki’s September 2021 numbers by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd Maruti Suzuki’s Sep’21 numbers have posted a sharp decline as called out by the management earlier owing to shortage of semiconductors which has constrained supply of electronic components. The total sales stood at 86,380 units for the month (-34% MoM / -46% YoY). The total domestic PV sales were down 57% YoY/39% MoM to 63,111 units. As a res...
Quote on Maruti Suzuki`s September 2021 numbers by Mr. Milan Desai, Angel One Ltd
Quote on Maruti Suzuki`s September 2021 numbers by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
1/10/2021 12:40:37 PM
Quote on Escorts Volumes by Mr. Milan Desai, Angel One Ltd Below is quote on Escorts Volumes by Mr. Milan Desai, Lead Equity Analyst, Angel One Ltd Escorts Ltd has reported a lower than expected MoM increase in domestic tractor sales for Sep’21. The domestic volumes grew 62.1% MoM to 7,975 units while Exports have been up 8.8% to 841 units. Owing to the higher base the domestic volumes have declined by -30.4% YoY, which is along the expected lines, and we expect industry volumes to continue the declining traject...
Quote on Escorts Volumes by Mr. Milan Desai, Angel One Ltd
Quote on Escorts Volumes by Mr. Milan Desai, Angel One Ltd
Source: Angel One Ltd
1/10/2021 12:36:37 PM
Quote on Escorts Monthly Volumes by Mr. Milan Desai, Angel Broking Below is quote on Escorts Monthly Volumes by Mr. Milan Desai, Lead Equity Analyst, Angel Broking  Escorts Ltd total monthly sales declined by ~22% MoM to 5,693 units, which is slightly below expectations. Domestic tractor sales were down 27% MoM to 4920 units while Exports were up 52% MoM to 773 units. The domestic growth is close to ~7% higher than average levels of FY19/20 and is in line with management commentary for the residual volume growth for FY22. We ...
Quote on Escorts Monthly Volumes by Mr. Milan Desai, Angel Broking
Quote on Escorts Monthly Volumes by Mr. Milan Desai, Angel Broking
Source: Angel Broking Ltd
1/09/2021 12:30:35 PM
Quote on Monthly Update: Bajaj Auto Ltd by Mr. Milan Desai, Angel Broking  Below is quote on Monthly Update: Bajaj Auto by Mr. Milan Desai, Lead Equity Analyst, Angel Broking  Bajaj Auto reported total monthly sales of 3,73,270 units for Jun’21, up by 1.1% MoM led by a good 3.2% MoM increase in domestic sales. Within Domestic, motorcycles grew at 1.1% MoM while Domestic CVs (3Ws) grew 32.5% MoM. Exports at -0.6% MoM were pulled down by a 26% MoM decline in export 3Ws while motorcycles exports were up 3.4% MoM. Overall we b...
Quote on Monthly Update: Bajaj Auto Ltd by Mr. Milan Desai, Angel Broking 
Quote on Monthly Update: Bajaj Auto Ltd by Mr. Milan Desai, Angel Broking 
Source: Angel Broking Ltd
1/09/2021 12:27:42 PM
Quote on Nuvoco Vista IPO sails through on the 3rd Day by Milan Desai, Angel Broking Ltd Below is quote on Nuvoco Vista IPO sails through on the 3rd Day by Milan Desai, Lead Equity Analyst, Angel Broking Nuvoco Vistas Corp IPO Sails through on the last day        Nuvoco Vistas Corp’s IPO has been subscribed by 1.71x on the last day of the IPO period. The retail Investors portion was subscribed 0.73x and Non-Institutional Investors portion was subscribed 0.66x but 4.23x subscription by the QIBs resulted in oversubs...
Quote on Nuvoco Vista IPO sails through on the 3rd Day by Milan Desai, Angel Broking Ltd
Quote on Nuvoco Vista IPO sails through on the 3rd Day by Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
12/08/2021 10:28:04 AM
Quote on ABB India Result Update by Milan Desai, Angel Broking Ltd Below is quote on ABB India Result Update by Mr. Milan Desai, Lead Equity Analyst, Angel Broking ABB India’s top line for the Q2CY21 came in at Rs 1,425 Cr, up 45% YoY but down 13% QoQ. As per the company, execution picked up strongly in June which offset the muted offtake in the initial part of the quarter (due to the 2nd wave). Order Inflows were up by 41% YoY to Rs 1,689 Cr (-7% QoQ) and the backlog stands at Rs 4,583. EBITDA came in at Rs 95 Cr and EBITDA...
Quote on ABB India Result Update by Milan Desai, Angel Broking Ltd
Quote on ABB India Result Update by Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
29/07/2021 9:08:32 AM
Quote on Maruti Suzuki Q1FY22 Result Update by Milan Desai, Angel Broking Ltd Below is quote on Maruti Suzuki Q1FY22 Result Update by Mr. Milan Desai, Lead Equity Analyst, Angel Broking Maruti Suzuki reported a mixed set of numbers for Q1FY22. The top line for the quarter was marginally ahead of expectation on account of better realizations. The top line came in at Rs 17,771 Cr (-26.0% QoQ/ +332.7% YoY). The lower than anticipated level of discounting is likely to have aided realizations which were up 3% QoQ to Rs 5,02,545. The EBITDA came i...
Quote on Maruti Suzuki Q1FY22 Result Update by Milan Desai, Angel Broking Ltd
Quote on Maruti Suzuki Q1FY22 Result Update by Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
28/07/2021 4:46:31 PM
TVS Motor company has reported 27% YoY/51% MoM jump in June`21 volumes to 251,886 units by Mr. Milan Desai, Angel Broking Ltd Below are Quote on TVS Motor company has reported 27% YoY/51% MoM jump in June’21 volumes to 251,886 units by Mr. Milan Desai, Lead Equity Analyst, Angel Broking    TVS Motor company has reported 27% YoY/51% MoM jump in June’21 volumes to 251,886 units. Domestic 2Ws came in at 1,45,413 units, up 179% MoM as against 1,44,817 units in Jun’20 with sequential growth driven by scooters. Total Exports were do...
TVS Motor company has reported 27% YoY/51% MoM jump in June`21 volumes to 251,886 units by Mr. Milan Desai, Angel Broking Ltd
TVS Motor company has reported 27% YoY/51% MoM jump in June`21 volumes to 251,886 units by Mr. Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
1/07/2021 4:23:50 PM
Ashok Leyland reported monthly domestic wholesales numbers by Mr. Milan Desai, Angel Broking Ltd Below are Quote on Ashok Leyland reported monthly domestic wholesales numbers by Mr. Milan Desai, Lead Equity Analyst, Angel Broking    Ashok Leyland reported monthly domestic wholesales numbers of 5,851 units for Jun’21, up 114% MoM. Domestic MHCV were up 56% MoM to 2364 units while domestic LCV rebounded strongly by 185% MoM to 3487 units. We believe that these are along the expected lines given the constraints. We are positive on AL as the CV cycle is...
Ashok Leyland reported monthly domestic wholesales numbers by Mr. Milan Desai, Angel Broking Ltd
Ashok Leyland reported monthly domestic wholesales numbers by Mr. Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
1/07/2021 4:21:25 PM
Quote on M&M has reported a good sales numbers for June`21 by Mr. Milan Desai, Angel Broking Ltd Below are Quote on M&M has reported a good sales numbers for June’21 by Mr. Milan Desai, Lead Equity Analyst, Angel Broking    M&M has reported a good sales numbers for June’21. The total units including tractors are up 95% MoM to 81,186 units on the back of strong rebound across categories. Utility vehicles were up 109% MoM to 16,636 units, LCVs/pick-ups were 75% MoM to 12,347units while total tractors grew by 99% MoM to 48,222 units. Dome...
Quote on M&M has reported a good sales numbers for June`21 by Mr. Milan Desai, Angel Broking Ltd
Quote on M&M has reported a good sales numbers for June`21 by Mr. Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
1/07/2021 3:17:56 PM
Quote on Maruti Suzuki Numbers by Mr. Milan Desai, Angel Broking Ltd Below are Quote on Maruti Suzuki Numbers by Mr. Milan Desai, Lead Equity Analyst, Angel Broking    Maruti Suzuki’s June’21 numbers are mostly in-line with expectations. The total sales stood at 1,47,368 units for the month (+216.5% MoM / 156.6% YoY). The total domestic PV sales were up 142% YoY/278% MoM to 1,24,280 units led by 343.3% MoM growth in Utility Vehicles (28,172 units). Mid-size segment was up 72.5% MoM to 602units while Mini & Compa...
Quote on Maruti Suzuki Numbers by Mr. Milan Desai, Angel Broking Ltd
Quote on Maruti Suzuki Numbers by Mr. Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
1/07/2021 2:38:50 PM
Quote on Tata Motors Numbers by Mr. Milan Desai, Angel Broking Ltd Below are Quote on Tata Motors Numbers by Mr. Milan Desai, Lead Equity Analyst, Angel Broking    Tata Motors has posted good volume recovery on MoM basis. The total Domestic Sales have grown by 78% MoM (+125% YoY) to 43,704 units. Total Domestic CV sales grew by 107% MoM/108% YoY to 19,594 units while PVs were up 59% MoM to 24,110 units. CV exports were up 23% MoM to 2,506 units, as against 856 units in May’20. Although the recent months have been impact...
Quote on Tata Motors Numbers by Mr. Milan Desai, Angel Broking Ltd
Quote on Tata Motors Numbers by Mr. Milan Desai, Angel Broking Ltd
Source: Angel Broking Ltd
1/07/2021 2:12:23 PM
Ashok Leyland has reported a good set of numbers for Q4FY21 by Milan Desai, Angel Broking Below are Quote on Ashok Leyland has reported a good set of numbers for Q4FY21 by Milan Desai, Lead Equity Analyst, Angel Broking Ashok Leyland has reported a good set of numbers for Q4FY21. The top-tine grew by 82%/45% YoY/QoQ to Rs. 7,000 crores against estimates of Rs. 6,200 crores. EBITDA grew by 192%/110% YoY/QoQ to Rs. 534 crores ahead of our estimate of Rs. 380 crores and EBITDA margins expanded by 286bps/236bps YoY/QoQ despite negative RM pressures (up 581bps/248bps ...
Ashok Leyland has reported a good set of numbers for Q4FY21 by Milan Desai, Angel Broking
Ashok Leyland has reported a good set of numbers for Q4FY21 by Milan Desai, Angel Broking
Source: Angel Broking Ltd
25/06/2021 10:59:46 AM
Shyam Metalics IPO Receives Stellar Response by Milan Desai, Angel Broking Below are Quote on Shyam Metalics IPO Receives Stellar Response by Milan Desai, Lead Equity Analyst, Angel Broking Shyam Metalics IPO which opened on June 14 has seen stellar response across categories (QIB, NII & Retail) and is slated to end the last day with a commendable oversubscription numbers, giving it the most favoured status among the current lot. The grey market premium has been in the range of Rs130-150 and currently, the IPO is subscribed nearly 116...
Shyam Metalics IPO Receives Stellar Response by Milan Desai, Angel Broking
Shyam Metalics IPO Receives Stellar Response by Milan Desai, Angel Broking
Source: Angel Broking Ltd
16/06/2021 4:09:36 PM
Quote on NRB Bearings Result by Milan Desai, Angel Broking Below are Quote on NRB Bearings Result by Milan Desai, Lead Equity Analyst, Angel Broking NRB Bearings’ Q4FY21 operational numbers have come in better than our expectations with PAT beat being aided by lower ETR. The consolidated top-line for the quarter grew by 37.2%/5.1% YoY/QoQ to Rs. 257 crores, against our estimate of Rs. 240 crores. EBITDA came in at Rs. 47 crores, up 203%/8.4% YoY/QoQ, vs. our estimate of Rs. 40 crores on account of lower material and employee...
Quote on NRB Bearings Result by Milan Desai, Angel Broking
Quote on NRB Bearings Result by Milan Desai, Angel Broking
Source: Angel Broking Ltd
3/06/2021 11:15:42 AM
Ashok Leyland Monthly Numbers Update by Milan Desai, Angel Broking Below are Quote on Ashok Leyland Monthly Numbers Update by Milan Desai, Lead Equity Analyst, Angel Broking Ashok Leyland reported monthly domestic wholesales numbers of 2,738 units for May’21, down 66% MoM. The decline has been on account of plant shutdown and as per a separate company disclosure, the plants are still not fully operational which might result in just 5-10 operational days for the month of June’21. MHCV trucks were down 62% MoM to 1,428 units, Buse...
Ashok Leyland Monthly Numbers Update by Milan Desai, Angel Broking
Ashok Leyland Monthly Numbers Update by Milan Desai, Angel Broking
Source: Angel Broking Ltd
2/06/2021 11:10:32 AM
Quote on Maruti Suzuki Monthly numbers by Milan Desai, Angel Broking Below are Quote on Maruti Suzuki’s Monthly numbers by Milan Desai, Lead Equity Analyst, Angel Broking Maruti Suzuki’s reported a 70.8% MoM decline in total sales to 46,555 units for May’21 which is along the expected lines. The operation had been disrupted owing to lockdown and production shutdowns. The total domestic PV sales declined by 75.8% MoM to 32,903 units with Mini, Comact, Mid-size and UVs registering degrowth of 72%-81% on MoM basis. Total D...
Quote on Maruti Suzuki Monthly numbers by Milan Desai, Angel Broking
Quote on Maruti Suzuki Monthly numbers by Milan Desai, Angel Broking
Source: Angel Broking Ltd
1/06/2021 2:16:08 PM
Quote on Mahindra & Mahindra Ltd monthly by Milan Desai, Angel Broking Below are Quote on Mahindra & Mahindra Ltd monthly by Milan Desai, Lead Equity Analyst, Angel Broking M&M reported tractor sales declined by 12.1% MoM (-0.6% YoY) to 24,184 units, which is reasonable considering the impact of the second wave which had affected the rural markets. Domestic sales declined by 12.6% MoM (-4.9% YoY) to 22,843 units while Exports fared well with MoM decline of 3.7% to 1,341 units (+314% YoY). The domestic PV segment grew by 107% YoY to 8,004 uni...
Quote on Mahindra & Mahindra Ltd monthly by Milan Desai, Angel Broking
Quote on Mahindra & Mahindra Ltd monthly by Milan Desai, Angel Broking
Source: Angel Broking Ltd
1/06/2021 2:07:19 PM