Please Share::
India Equity Research Reports, IPO and Stock NewsVisit http://indiaer.blogspot.com/ for complete details �� ��
Mahindra & Mahindra
Investment case: Given its high exposure to the rural segment, we believe
M&M will continue to benefit from the strong government focus on improving
rural income levels and rural infrastructure. The stock remains one of our
preferred picks in the Indian auto sector.
Valuation: We have a Buy rating, based on a sum-of-the-parts methodology.
We value the standalone business at Rs732 per share, based on 8x 2013E
EV/EBITDA, and its subsidiaries (including Ssangyong) at Rs208 per share.
2012 Catalysts: New product launches including Rexton and Korando from
Ssangyong in the India market by mid-2012 and a compact model of the Verito
to be launched in the next six to eight months. Additional levies on diesel could
act as a negative catalyst as M&M has an all-diesel product line-up that has
benefited from the increasing cost differential between petrol and diesel.
read details and other companies in list (click link below)
UBS India – Outlook 2012 ::Most & Least Preferred Stock Ideas for 2012
No comments:
Post a Comment