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Automobiles Sector

Autoline Industries –Buy- India Infoline

by free stock tips on July 13, 2010

in Broker tips

After trading sideways for almost 10 months, the stock has given breakout from falling channel last week after the stock successfully managed to close above the upper range of channel corresponding at Rs136 with good volumes. Such a breakout is likely to trigger positive momentum in the near term with upper range of resistance getting [...]

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Maruti Suzuki –Buy- Kotak Securities

by free stock tips on June 29, 2010

in Broker tips

Maruti Suzuki India (MSIL) is the largest player in the Indian car market with 50% market share. MSIL is way ahead of its competitors with its strong brand equity and excellent dealer network. Indian car industry is at the cusp of strong long term growth and the entry of global auto giants in the Indian [...]

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Low-cost TATA Nano car rolls out from Gujarat

by admin Stock-News

Tata Motors had originally chosen Singur in communist-ruled West Bengal as the main plant to produce the Nano, but had to scrap the nearly complete factory in 2008 over a bitter land ownership dispute Tata’s Nano, dubbed the world’s cheapest car, will roll out of its new plant in western India on Wednesday, two years [...]

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Maruti Suzuki –Sell- Anand Rathi

by free stock tips Broker tips

In April 2010, Maruti Suzuki posted robust volume growth of 29.7% y-o-y (declining 2.2% m-o-m) to 93,058 units. This is the smallest mom decline ever for MS for April over March. It has thus sustained the run-rate for the past three months for April as well. Volume growth was driven by domestic demand growing 23% [...]

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Maruti shares hit 6 month low, pull back, on recall

by free stock tips Stock-News

The company’s shares initially fell about 2% to Rs1,310 but quickly pulled into positive territory and then eased again Shares in Maruti Suzuki pulled back after sliding to a six-month-low early on Wednesday, a day after India’s top carmaker said it was recalling 100,000 of its A-Star hatchbacks sold overseas and in India. Maruti, in [...]

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Bajaj Auto –Buy- Anand Rathi – Sharekhan

by free stock tips Broker tips

By- Anand Rathi Bajaj Auto more than doubled profit in 3Q, with EBITDA margin maintained at a peak 22%. The performance was driven by market share gains and increased operating leverage. Maintain BUY, with a target price of Rs2,120. In FY10 year-to-date (YTD), Bajaj has consistently gained motorcycle market share – from a low of [...]

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Nano’s US version to have bigger engine: Ratan Tata

by free stock tips Stock-News

Auto companies are vying for attention at the Delhi Auto Expo, which started today. Tata Motors launched 3 cars, a 7-seater passenger car called Tata Aria, a multi-purpose vehicle called Tata Venture, and another vehicle named Magic Iris. Tata Motors will also launch a Jaguar model at the show. While speaking at the event, Tata [...]

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Tata Motors likely to pick up majority stake in Swaraj Mazda: Report

by free stock tips Stock-News

Auto major, Tata Motors is said to be considering picking up 53.5% stake in Swaraj Mazda from Japan-based Sumitomo Corp., as mentioned in some media reports. The move will help the company to strengthen its position in the light commercial vehicles (LCV) segment. The report further added that an announcement in this regard is likely [...]

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Maruti Suzuki : Stock Recommendations

by free stock tips Broker tips

Maruti Suzuki India (MSI) reported robust volume growth in November 2009 (of 66.6% y-o-y and 2.8% m-o-m) to 87,807 units. The low base of November 2008 has inflated the y-o-y growth figure. However, we are impressed by the m-o-m 6.7% domestic sales growth, which is the highest mom growth in November for MSI since FY04. [...]

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Mahindra & Mahindra : Stock Recommendations

by free stock tips Broker tips

In Nov 2009, Mahindra and Mahindra reported robust year-on-year (y-o-y) volume growth, of 75.8% yoy; mom however, volumes declined 20.8%. We note that November is normally a weak month for tractor sales. The new 0.5-ton compact truck, GIO, augmented volumes by 1,019 units. Domestic tractor volumes rose 45.8% y-o-y, while exports jumped 83.6% y-o-y. Overall [...]

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