Equity Monthly Report

Transcription

1 31st October 2017

2 Nifty index witnessed decent gains Nifty-50 movement in October'17 of 5.58% in line with the positive global sentiment. On a similar note BSE Sensex closed the month at which was 6.17% above the previous month Government took a radical step in announcing the recapitalization plan for PSU Banks which generated lot of positive sentiment for the segment and overall market. The RBI policy during the first week of the 9800 month also resulted in cutting SLR. Geopolitical tensions were subdued and market has seen all round bullishness for individual sectors as the rally was fairly broad based. So far, 2QFY18 results have been in line with expectation in which private sector Banks and NBFC have delivered better than expectation % Change In Global Indices while negative surprise is seen Bovespa 0.02% from selective pharma and oil marketing Shanghai Composite 1.33% companies. FTSE Jakarta S&P 500 Hang Seng DAX Nasdaq Composite Dow Jones Straits Times Kospi BSE Sensex Nikkie % 1.78% 2.22% 2.51% 3.12% 3.57% 4.34% 4.79% 5.39% 6.17% 0% 2% 4% 6% 8% 8.13% World markets ended the month of October 2017 on a positive note. Nikkei 225 was the top gainer gaining 8.13%. Kospi, Strait times, Dow Jones, Nasdaq Composite and DAX gained impressively by 5.39%, 4.79%, 4.34%, 3.57% and 3.12% respectively. Bovespa was the top non performer of the week giving 0.02% return for the month. On investment front, the FIIs bought Rs Crore in equities during October 17. USD/INR strengthened from to during October 17 resulting in appreciation of INR by 0.857% against USD. % Change in Sectoral indices BSE IT 4.18% BSE BANKEX 4.66% BSE FMCG 5.02% BSE AUTO 5.11% BSE CD 5.19% BSE HEALTHCARE 5.89% BSE POWER 6.48% BSE CG 7.29% BSE METAL 8.60% BSE REALTY 11.42% BSE OIL&GAS 11.52% BSE PSU 12.96% 0% 2% 4% 6% 8% 10% 12% 14%

3 Auto Sales October 2017 Passenger vehicle sales lost momentum in October, with several companies posting a decline in dispatches as festival demand tapered off. Maruti Suzuki, however, continued to post strong numbers. Maruti Suzuki India, the bellwether of the industry, has reported sales of 1,46,446 vehicles in October 2017, a year-on-year growth of 9.5% (October 2016: 1,33,793). Its numbers are marginally lower than expected given that the festive season of Diwali, when consumers prefer to drive home their new set of wheels, was in mid- October itself. Hyundai Motor India Ltd, the No. 2 player, too has posted lower-than-expected sales. In October 2017, the Chennai-based manufacturer sold 49,588 passenger vehicles, down 0.8 percent (October 2016: 50,017). Mahindra & Mahindra the No. 3 domestic market player, too has felt the pressure of slowing sales by 1.65% decline in total sales. The UV major has witnessed a performance slump, despite the festive period generally giving a boost to sales. The company sold a total of 23,413 PVs in October 2017, a 5% de-growth (October 2016: 24,737). UVs, its forte, de-grew by 6% with models including the Bolero, Thar, TUV300, Scorpio, XUV500 and the Ssangyong Rexton clocking sales of 22,040 units (October 2016: 23,399). On a similar note Honda Cars India Ltd sold 8.6% fewer cars than a year earlier. Tata Motors recorded total sales of 53,197 units, a growth of 0.73% over October In domestic market the growth was 5% for the month. According to the company, continued good performance of newgeneration vehicles like the Tiago, Tigor and Hexa and the strong market response to the recently launched compact SUV, Nexon have contributed to the numbers. Heromotocorp sales figure were down for the month of October. Total sales were at 6,31,105 which was lower by 4.83%. TVS Motor Company on the other hand had a total sales of 3.17,411 which was up 2.83% which was backed by impressive export figure during the month.. Bajaj Auto gained 7.38% in total sales for the month having 3,82,464 units of overall sales. Exports grew by 3.53% and domestic sales improved by 15.22% during October. Royal Enfield the two-wheeler division of Eicher Motors too registered a total sales growth of per cent (69,492 units) in October against 59,127 units in the same month last year..

4 Total Figure BAJAJ AUTO LTD % % TATA MOTORS LTD 53,197 52, % 53, % MARUTI SUZUKI (INDIA) LTD , % % MAHINDRA & MAHINDRA % % TVS MOTORS 317, , % 359, % EICHER MOTORS , % % ASHOK LEYLAND , % % HERO MOTOCORP LIMITED 631, , % 720, % ESCORT , % % Export Figure BAJAJ AUTO LTD % % TATA MOTORS LTD 4,311 6, % 3, % MARUTI SUZUKI (INDIA) LTD % % MAHINDRA & MAHINDRA % % TVS MOTORS 45,437 35, % % EICHER MOTORS 1, % 1, % ESCORT % % Total Domestic Sales (Excluding Export) Figure BAJAJ AUTO LTD % % TATA MOTORS LTD 48, % % MARUTI SUZUKI (INDIA) LTD % % MAHINDRA & MAHINDRA % % TVS MOTORS % % EICHER MOTORS % % ESCORT 10,001 8, % 10, % TATA MOTORS GLOBAL WHOLESALES % % GLOBAL WHOLESALES(JLR) 49,757 47, % 57, % Global Wholesales (Jaguar) 13,295 15, % 17, % Global Wholesales (Land Rover) 36, % 40, %

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