BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The beat in Mahindra and Mahindra Ltd.'s Q2 FY22 performance was driven by better mix in the auto business, cost-saving initiatives, and higher other income.
Growth in tractors is slowing, particularly on a high base of FY21. However, the auto segment is expected to see strong momentum in both sports utility vehicles (led by new products and the easing of supply issues) and light commercial vehicles (cyclical recovery).
We increase our FY22E/FY23E earnings per share estimate of M&M by 9%/8% to factor in stronger than expected XUV700 response as well as an improving light commercial vehicle cycle.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.