NEXT GENERATION ALTO
Some cooling off may be around the corner, so is the opportunity: 6 auto stocks with an upside potential of up to 28%
When a sector or an industry does well, stock prices also do well. But then a stage comes where while the Industry continues to do well the rate at which the stocks are rising slows. Essentially meaning that stock prices have built in a large amount of good news and they would wait for the next trigger. While there is no doubt and should not be any doubt that auto stock has done well in the last three years as the industry has been doing well. But the reaction of the street to some reports about M&M might be cutting the prices of one SUV model is probably indicating more than just meets the eye. So, should one take some money off the table or should one be slightly cautious when it comes to putting in fresh money? Is this cool down an opportunity for a long term investor ? Probably yes.
Glean Technologies sets up India office, to invest up to $50 million
US-based Glean Technologies, which offers AI assistant platforms for businesses, has chosen to set up shop in Bengaluru, its first in India. The company plans to significantly expand its presence there, aiming to triple its staff to 450 within the next two years.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Tailwinds are winning, beneficiaries of strong OEM & replacement demand from auto sector: 5 tyre stocks with upside potential of up to 38%
It is a well known fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Recently there was an increase in natural rubber prices and fears were expressed that margins might come under pressure. But two things happened just recently, the natural rubber prices corrected and the whole of the tyre stocks witnessed a sharp rally. While the risk of headwind in terms of higher input cost stays, will the OEM and replacement demand act as tailwinds and continue to power the stocks.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 23%
Of the last seven trading sessions, in three trading sessions, nifty which opened with a gap or came under pressure after opening has been able to recover and ended the day in positive territory. It is a kind of rotational support coming in from different stocks and sectors. There are banks one day and then they take a back seat and industrials come to support. Is the distribution taking place or is it a kind of consolidation which is taking place and a strong directional move would emerge after the budget that needs to be seen. But in all the cases there is greater chances that it is large cap stocks which will remain in limelight. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Cred’s secured loan play; Rubrik interview
Happy Tuesday! Kunal Shah-led fintech startup Cred is prepping for an entry into the secured credit space. Details of this and more in today’s ETtech Morning Dispatch.
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A play on restructuring and higher growth: These auto stocks can deliver more than 18% return
In the last four days of strong volatile moves, one sector which has been able to keep its head above the water is the Auto sector. Is it because of results which are expected to be good or it is rotational trade which is taking place, is the question. Whatever might be the reason, after remaining under pressure for one or the other reason, the auto sector has been witnessing a transformation, right from restructuring to a slew of launches, coming from companies. There is a high probability that this trend of restructuring is likely to continue. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Large action models gearing up to turn AI’s promise into action
Rabbit’s R1, the world’s first LAM-powered device, is set to start shipping in a week and tech biggies like Microsoft and Salesforce investing in this cutting edge technology. LAMs can be ‘revolutionary’ and bring significant business gains, experts said. AI making choices on the behalf of consumers will, however, also add further complexity to business decision-making.
These auto sector stocks can deliver more than 17% return in next one year
Unlike the US and some other western countries, where a separate transportation index is watched very closely, in India we don't have a very popular transportation index. The reason why transportation index numbers are extremely important is because there is enough historical evidence to show that auto industry numbers lead indicators of what is happening in the economy. That is why if one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. But as the stocks have done well in the recent past, it is time to be selective at least in the near term.
These auto sector stocks can deliver more than 15% return in next one year
If one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. The reason, sales of LCV and certain other auto segments is an indication of the economic situation on the ground. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. But as the stocks have done well in the recent past, it is time to be selective at least in the near term.
Nifty Auto index stocks: Time for some cool down before the next leg is led by EV launches?
It is the sector which has led the rally which the market has seen in the last one year. However today when newspaper headlines are talking about India witnessing sales of 4 million cars in 2023, all these major auto stocks are trading with a cut. This is a very simple example of the market discounting the news much before it comes out. The question is whether this correction is just a minor phase of cooling down and the next phase of up move will depend on their EV products.
Nifty Auto index stocks: Will they lead the next leg of rally in markets?
Just yesterday, there was a new report which said that a new age edtech company has been in the headlines recently for all the wrong reasons and saw its valuation being written down to US dollar 3 billion from a high of US $ 50 two year ago had actually raised US $ 5 billion since the time it has been raising funds. How relevant is this to an auto industry? It is, because it shows that getting valued at one level is very different from real cash in the company and even more than free cash with the company. The war of transition from ICE to EV will be finally fought with the cash and the winner or probably winners in different segments will be decided by both cash and ability of the management. And who has it most, old companies which have seen many economic cycles in last three decades.
Nifty Auto index stocks: Next winner might come earlier than expected
There has been a lot of talk about startups taking the space in the EV, but the fact is the old companies have also been working towards their EV plans. Given the amount of cash they are sitting with in their balance sheet, there is high probability that they will be able to launch a number of models out of which some would be successful and become the cash cows and deliver growth. So, don't write off the ability of big players, especially in two wheeler space as they might be close to getting their mojo back.
AI chip startup d-Matrix raises $110 million in funding from Temasek, Microsoft, others
The Series B funding round was led by the Singapore-based Temasek, and included the Palo Alto, California venture firm Playground Global and Microsoft.
Maruti Suzuki launches Alto K10 based Tour H1 for commercial segment at Rs 4.8 lakh
Maruti Suzuki India (MSI) on Friday said it has launched a new entry-level commercial hatchback Tour H1 with price starting at Rs 4.8 lakh (ex-showroom Delhi). The CNG trim of the model, which is based on the latest generation of Alto K10, is tagged at Rs 5.7 lakh.
Maruti Suzuki India needs to keep small car segment energised with new products, says CEO Hisashi Takeuchi
Despite sales growth of SUVs, the company feels there is a need to focus on all segments including the entry-segment, even as it brings more technology and feature-packed products.
New Maruti Alto K10 gets a complete makeover, show leaked images
The new Alto K10 will come in multiple variants in Solid White, Granite Grey, Silky White, Sizzling Red, Speedy Blue and Earth Gold colour options. According to the leaked images, the car will be comparatively longer and bigger in size to its earlier models. Some its exterior design has been borrowed from the new Celerio.
Volvo plans to add lidar as standard equipment in electric XC90 SUV next year
Self-driving car sensor startup Luminar Technologies Inc will supply Volvo Cars with its Iris lidar.
Obit: A look back at the life of Larry Tesler, the man who created most indispensable shortcut for keyboard warriors
Tesler was born in New York in 1945.
Tech Mahindra, Infoworks set up COE
The CoE is for Infoworks' DataFoundry enterprise data operations and orchestration (EDO2) system. The CoE will provide scalable and affordable professional services to support joint customer digital transformations. The complexity traditionally involved with launching data and analytics use cases has been a significant barrier to widespread adoption.
We want to invest $50 million in India over the next 2-3 years: Rubrik CEO Bipul Sinha
The startup developed the world’s first Cloud Data Management platform for data protection, search, analytics, archival and copy data management for hybrid-cloud enterprises.
PM Narendra Modi pays visit to Tesla Motors
Soon after his arrival here and an interaction with the Indian-American community, the prime minister left for the facility of Tesla.
Electric car maker Tesla's next big frontier could be South Korea
A Tesla spokesperson told Korosec that the company is considering a move into Korea but for the moment is focused on expanding its Supercharger network.
Nine techies who are leaving the Silicon Valley to join startups in India
Senior-level Indian engineers and executives are beginning to leave comfortable jobs in Silicon Valley to join startups in India.
Google's Nest targeting 'thoughtful' homes with new products
Google's Nest Labs is releasing new versions of its surveillance-video camera and talking smoke detector as part of its attempt to turn homes into yet another thing that can be controlled and tracked over the Internet.
Things don’t end here with the NextGen Nano: Girish Wagh
Girish Wagh, Tata Motors’ senior VP, programme planning and management for passenger cars, says he wants Nano to be "the smartest city car".
Sharekhan’s top twelve stocks which can offer up to 48% return in next 6-12 months
Sharekhan sees ample opportunities in certain pockets of the market and recommends stock picking on a bottom-up basis.
"We have just scratched the surface, as far as rural sales goes," says Maruti Suzuki's Mayank Pareek
Even as others await sentiment to pick up, Maruti Suzuki is spreading out to in the rural areas with plans to reach out to 2 lakh villages in FY-15.
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