Equity Monthly Report

Transcription

1 31st January 2018

2 In the month of January 2018, the S&P BSE Sensex and CNX Nifty rose 5.6% and 4.7% respectively. The indices have posted their best one-month pre-budget gain in 13 years. Abundant liquidity and expectations that the budget will boost the ru ral economy and revive private investment, without compromising on fiscal prudence, have aided the run-up. The one-month gain has come despite a pullback in the last two sessions following a sell-off in US and Asian markets over valuation concerns. Since 2000, the index has gained only eight times in the month leading up to the budget presentation, and rose as much as 11.7% in the run-up in The sell off in mid- and small cap shares did not impact sentiments because of the record breaking run in benchmark indices during the month. % Change In Global Indices World markets ended the month of January FTSE -2.01% Nikkie % 2018 on a positive note, except for UK- DAX 2.10% FTSE. Brazil - Bovespa was the top gainer, Straits Times 3.85% Jakarta 3.93% up 11.1%, whereas UK-FTSE was the loser, Kospi 4.01% down 2.0%. Hong Kong Hang Seng, US - Shanghai Composite 5.25% Nasdaq, US - Dow Jones, Chinese - Shanghai BSE Sensex 5.60% S&P % composite, Indonesia Jakarta Composite, Dow Jones 5.79% Singapore - Strait Times, Germany - DAX Nasdaq Composite 7.36% Hang Seng 9.92% and Japan - Nikkei were the other gainers, Bovespa 11.14% -4% -2% 1% 3% 5% 7% 9% 11% 13% up 9.9%, 7.4%, 5.8%, 5.3%, 3.9%, 3.9%, 2.1% and 1.5% respectively. The Bovespa gained 11.1%. These gains were a result of rising optimism among domestic and international investors about the country s general direction at the beginning of On investment front, the FIIs bought Rs 14, Crore in equities during January 18. USD/INR strengthened to from to during January 18 resulting in appreciation of 0.454% against USD. BSE AUTO -3.01% BSE POWER BSE HEALTHCARE BSE CD BSE PSU BSE REALTY BSE FMCG BSE OIL&GAS BSE METAL BSE CG BSE BANKEX BSE IT -2.61% -1.62% Nifty-50 movement in January' % -0.62% % Change i n Sectoral i ndices 0.03% 0.15% 0.52% 3.27% 6.43% 7.38% -5% -3% -1% 2% 4% 6% 8% 10% 12% 11.34%

3 Auto Sales January 2018 Vehicle sales rose in January from a year earlier, boosted by a low base in the year-ago period because of the impact of the government s decision to withdraw high-value banknotes in November 2016.A recovery in demand in rural and semi urban markets also aided vehicle sales. Maruti Suzuki India Ltd, the country s largest vehicle maker, reported a 4.82% increase in total sales at 1,51,351 units on the back of high base last year because of demand for its Baleno (premium hatchback) and Vitara Brezza (a compact SUV) models. The company s dispatches of cars to dealers were, however, affected by a shutdown in some of the company s plants for yearly maintenance. Sales of Alto and Wagon R fell 12.2%, while those of its compact cars Baleno, Dzire Swift and Celerio increased by 21.6%. The increase in taxes on hybrid vehicles and the introduction of the new Verna (a midsize sedan) by Hyundai Motor India Ltd led to a 22.5% decline in Ciaz (a mid size sedan) sales. Utility vehicle sales surged 26.8% in January, led by demand for Vitara Brezza. The country s second largest carmaker Hyundai Motor India registered a 8.3% increase in sales to 45,508 units in Jan 18. This was on the back of strong performance from Grand i10,creta and Next Gen Verna. Exports of the company increased by 9.1% to 10,708 unit during the month. Mumbai-based Mahindra and Mahindra (M&M) reported a 32% growth to 52,048 units in Jan 18.Export growth was 15% at 2616 units during Jan 18 from 2271 units in the previous month. On the back of demand for its hatchback Tiago and compact SUV Nexon, domestic sales for passenger vehicle of Tata Motors Ltd increased by 43.48% to 59,441 units from 41,428 units in Jan 17. Meanwhile Honda cars India reported a 4.83% decline in its domestic sales to 14,838 units in January. In two wheelers, Honda Motorcycles and Scooter India Pvt Ltd (HMSI) reported a 32% increase in sales to 6,41,501 units in Jan 18, against 4,87,088 units in the corresponding previous month (Jan 17),. TVS Motor Company on a similar note jumped 31% to 2,71,801 units from 2,07,059 units during Jan 17.Exports were also impressive at 42,802 units in Jan 18. Local two-wheeler & three-wheeler manufacturer Bajaj Auto posted a robust growth of 46% posting a total sales at 3,53,147 units against 2,41,917 units during Jan 17. Eicher Motor s Royal Enfield continued its strong sales of 77,878 motorcycles in the month of Jan 18, closing the calendar year by recording a growth of 31% over the same period last year. Domestic sales contributed 76,205 units versus 58,133 units, an upswing of 31%..

4 Total Figure BAJAJ AUTO LTD % % TATA MOTORS LTD 64,341 46, % 60, % MARUTI SUZUKI (INDIA) LTD % % MAHINDRA & MAHINDRA % % TVS MOTORS 271, , % 256, % EICHER MOTORS % % ESCORT 5,316 3, % % ASHOK LEYLAND % % HERO MOTOCORP LIMITED 641, , % 472, % Export Figure BAJAJ AUTO LTD % % TATA MOTORS LTD 4,900 4, % 6, % MARUTI SUZUKI (INDIA) LTD % % MAHINDRA & MAHINDRA % % TVS MOTORS 42,802 34, % 47, % EICHER MOTORS 1,673 1, % 1, % ESCORT % % Total Domestic Sales (Excluding Export) Figure BAJAJ AUTO LTD % % TATA MOTORS LTD % % MARUTI SUZUKI (INDIA) LTD % % MAHINDRA & MAHINDRA % % TVS MOTORS % % EICHER MOTORS % % ESCORT 5, % 3, % TATA MOTORS GLOBAL WHOLESALES % % GLOBAL WHOLESALES(JLR) 49, % 55, % Global Wholesales (Jaguar) 16, % 16, % Global Wholesales (Land Rover) 33, % 38, %

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