Equity Monthly Report

Transcription

1 October 2018

2 The Indian share market recorded its second consecutive monthly fall in Octo Nifty-50 movement in Oct'18 ber18 amidst increasing foreign fund outflows, and concerns regarding a cash crunch in non-banking financial companies. The BSE Sensex and the Nifty 50 Index fell 4.9% to , and 5% to 10, respectively in Oct-18, after witnessing a 6.3% and 6.4% decline in Sept-18. Indian equities, bonds, and the Rupee came under pressure amidst media reports that the Reserve Bank of India has serious differences with the Government. Weak macros, volatility in the domestic currency, muted earnings reported by India Inc, trade war woes and arise in crude oil prices further dented investor sentiments. % Change In Global Indices Kospi % Hang Seng % Nikkei % Nasdaq Composite -9.20% Shanghai Composite -7.75% Straits Times -7.31% S&P % DAX -6.53% FTSE -5.09% Dow Jones -5.07% BSE Sensex -4.93% Jakarta -2.42% Bovespa 10.19% -16% -14% -12% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% World markets ended the month of Oct-18 on a negative note, except for Brazil s Bovespa that was the greatest gainer, up 10.2%. Hong Kong s Hang Seng, Japan s Nikkei, US Nasdaq, China s Shanghai Composite, Singapore s Strait Times, Germany s DAX, UK s FTSE, US Dow Jones and Indonesia s Jakarta Composite were losers, down 10.6%, 9.2%, 9.2%, 7.2%, 7.3%, 6.5%,5.1%,5.1% and 2.4% respectively. % Change i n Sectoral i ndices On investment front, the FIIs sold Rs 27, Crore in equities during October 18. BSE OIL&GAS % BSE AUTO BSE IT BSE METAL -7.43% -7.02% -5.68% USD/INR weakened to during October 18 from during September 18. BSE FMCG BSE HEALTHCARE BSE REALTY BSE PSU BSE CD -3.26% -1.99% -1.36% -1.27% 0.04% BSE BANKEX 1.31% BSE POWER 1.49% BSE CG 2.22% -12% -10% -8% -6% -4% -2% 0% 2%

3 Auto Sales OCTOBER 2018 India s automobile wholesale were higher in the month of October, heralding a late start to festive euphoria in the market. The auto sales uptick in the last month is also credited to a low base of the previous year. It is to note that the last two months of the festive season has been sluggish and lead to a high inventory pile up at the dealerships. Passenger vehicles and two-wheelers factory dispatches had marginal growth in the month under review. Maruti Suzuki India Limited Country s largest passenger vehicles manufacturer Maruti Suzuki India sold 138,100 units in October 2018 in domestic market as compared to 136,000 units dispatched in the same month a year ago, witnessing a growth of 1.5 per cent. Hyundai Motors. Hyundai Motor India registered the domestic sales grew by 4.8 percent at units which is the highest sales for the carmaker in the month of October. The carmaker sold units in the month of October Mahindra Indian utility vehicle major Mahindra and Mahindra passenger vehicle unit posted an increase of 13 per cent in domestic sales at 55,350 units against 48,860 units same month year ago. Tata Motors Tata Motors domestic sales registered an impressive performance with units, a growth of 19%, compared to 44,575 units in October Backed bu sustained demand of the compact utility vehicle Nexon and compact car Tiago. Honda Cars Japanese carmaker Honda Cars India Ltd. (HCIL) posted a flat growth at 14,233 units in October 2018, when compared to units in the same month last year. HCIL exported a total of 440 units in October In anticipation of high festive demand, most of the two-wheeler manufacturers pushed a higher dealer inventory. Hero MotoCorp Country s largest two-wheeler manufacturer, Hero MotoCorp reported 16.4 per cent rise in domestic sales at 734,668 units in October 2018, when compared to 631,105 units in the same month last year. Bajaj Auto reported an increase of whopping 32% in total sales at 5,06,699 units vs 3,82,464 units during October 17. Exports also increased by 38% during the month. TVS Motor Chennai-based automobile manufacturer, TVS Motors domestic two-wheeler sales grew by 25 per cent from 2,71,974 units in October, last year to 3,40,501 units in October Eicher s Royal Enfield Royal Enfield reported 3 per cent increase in domestic sales at 70,044 units for the month of October The motorcycle manufacturer had sold 68,014 units in the domestic market in October 2017.

4 Total Figure BAJAJ AUTO LTD % % TATA MOTORS LTD 57,710 48, % 64, % MARUTI SUZUKI (INDIA) LTD 146, , % 162, % MAHINDRA & MAHINDRA 58,416 51, % 55, % TVS MOTORS 398, , % 423, % EICHER MOTORS 70,451 69, % 71, % ESCORT 13,140 10, % 10, % ASHOK LEYLAND 15,149 12, % 19, % HERO MOTOCORP LIMITED 734, , % 769, % Export Figure BAJAJ AUTO LTD % % TATA MOTORS LTD , % % MARUTI SUZUKI (INDIA) LTD 8,666 10, % 8, % MAHINDRA & MAHINDRA % % TVS MOTORS 57,926 45, % 61, % EICHER MOTORS 407 1, % 1, % ESCORT % % Total Domestic Sales (Excluding Export) Figure BAJAJ AUTO LTD % % TATA MOTORS LTD % % MARUTI SUZUKI (INDIA) LTD % 153, % MAHINDRA & MAHINDRA , % % TVS MOTORS , % 362, % EICHER MOTORS , % 70, % ESCORT , % 10, % TATA MOTORS GLOBAL WHOLESALES 109, , % 123, % GLOBAL WHOLESALES(JLR) 46,766 49, % 52, % Global Wholesales (Jaguar) 13,373 13, % 18, % Global Wholesales (Land Rover) 33,393 36, % 34, %

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