Jamna Auto - Multiple Growth Drivers Ahead: Nirmal Bang
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.
Nirmal Bang Report
Jamna Auto Industries Ltd. recently announced a five-year plan named 'Lakshya 50XT' with the objective to achieve future growth and de-risk business through market and product diversification.
New product launches and higher share of existing value-added products will drive product diversification.
However, we believe that market diversification target (~50% mix by FY26) is a bit challenging based on the feedback we have received from our recent channel checks where the price gap between Jamna Auto and the unorganised players continues to remain high (~20%).
We continue to remain positive on the company since we believe that it will be a key beneficiary of the recovery in commercial vehicle cycle over the next few years.
Click on the attachment to read the full report:
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.