India's Eicher, Mahindra to post strong April growth - Jefferies

Sona Blw Precision Forgings

28/04/2023 07:01

** Jefferies expects Royal Enfield-owner Eicher Motors
 EICH.NS  and Mahindra and Mahindra  MAHH.NS  to post strong
16%-17% Y/Y growth
    ** The Indian automakers set to report their April
wholesales data next week
    ** Brokerage also expects 10% YoY growth for Ashok Leyland
 ASOK.NS 
    ** Estimates a relatively moderate 3%-6% Y/Y growth in
wholesales for Bajaj Auto  BAJA.NS , TVS Motor Company
 TVSM.NS , Hero MotoCorp  HROM.NS , Tata Motors  TAMO.NS , and
Maruti Suzuki India  MRTI.NS  
    ** TVSM, TAMO and forged gear-maker Sona BLW Precision
Forgings  SONB.NS  are our top picks in the Indian auto space -
Jefferies
    ** India's Nifty Auto Index  .NIFTYAUTO  last up 0.5% in the
last trading session 

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))