Tag: Automobiles
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Motherson Sumi Systems – Global Auto Ancillary Growth
________________________________________________________________________ Report Date: 25 Feb’14 Market Price: 220 Large Cap – Mkt Cap 19,460 crores Advice: Buy with a Mar’16 target of 451, a 104% appreciation Motherson Sumi Systems is an Indian auto ancillary firm that is growing rapidly through global acquisitions. It cut its teeth as a Maruti Suzuki vendor, then expanded capabilities, product lines…
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Tata Motors – A Jaguar like leap
Date: June 1, 2012 CMP: 225 Mkt Cap: 74,000 crore P/E: 5.3 times Introduction Tata Motors (TM) is a major player in the Indian automobile sector, with a presence across Commercial vehicles and passenger cars. International acquisitions have also helped substantially in growth. TM declared…
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Hero MotoCorp – A Splendid Core Holding
Date: May 16, 2012. Price: Rs 1893, Large Cap – Market Cap 36,800 crores Advice: Low Risk, Medium Gain. Buy now and systematically. Current valuation is Rs. 2025. It is available at a 7% discount. Target: Rs. 3320 by April 2014, a 75% appreciation. Subscribers received this report on 17th May 2012. Hero MotoCorp is the #1…
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