BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Tube Investments of India Ltd.'s Q3 FY23 performance was hit by tepid revenue growth across all businesses as well as operating deleverage that hurt margins.
Traction in revenue is likely to revive, though, driven by recovery in the underlying auto volumes. However, exports might be subdued in the near term. Launches in the electric vehicle segment (three wheelers, commercial vehicles and tractors) are lined-up over the next six months.
We have raised our FY23E/FY24E earnings per share of Tube Investments by 10%/5%, respectively, driven by upgrades in our estimates for CG Power and Industrial Solutions Ltd. despite downgrades in the standalone business by 8% each.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
