Equity Monthly Report

Transcription

1 January 2019

2 The Sensex rose 0.5% in Jan-19, while Nifty-50 movement in Jan'19 the Nifty fell 0.29% during the month India, one of the best-performing markets in 2018, missed the rally in global markets in January. The benchmark Nifty has lost %, making it one of the worst-performing markets for the month. The rebound in global markets came after a rout in the December quarter, amid rising global trade tensions and slowing global economic growth. Stability in the US market and ris ing commodity prices have fuelled gains in global equities over the past few weeks. However, domestic concerns, including weak earnings growth and political tensions ahead of the General Elections, have weighed on the performance of domestic markets. Liquidity concerns following the crisis at IL&FS and % Change In Global Indices media group Zee have added to the negative BSE Sensex 0.52% FTSE 3.58% sentiment, particularly in the mid-cap space. Shanghai Composite 3.64% Both the NSE Midcap 100 and Smallcap 100 Nikkei % indices fell 5 % in January. Straits Times 3.96% Jakarta 5.46% DAX 5.82% Dow Jones 7.21% S&P % Kospi 8.03% Hang Seng 8.11% Nasdaq Composite 9.74% Bovespa 10.82% 0% 2% 4% 6% 8% 10% 12% World markets closed the month of Jan-19 on a positive note. Brazil s Bovespa,US Nasdaq Hong Kong s Hang Seng, Kospi,S&P 500, Dow Jones,German Dax,and Jakarta were gainers, up to 10.8%,9.7%,8.1%,8.02%,7.87%.7.21%,5.82%,5.46% respectively. On investment front, the FIIs sold Rs Crore in equities during January 19. BSE AUTO % % Change i n Sectoral i ndices BSE CG -8.02% USD/INR weakened to in January 19 from during December 18. BSE METAL BSE POWER BSE PSU BSE FMCG -7.44% -5.92% -4.59% -1.80% BSE REALTY -1.32% BSE OIL&GAS -0.99% BSE HEALTHCARE -0.30% BSE BANKEX BSE CD 1.17% 2.71% BSE IT 8.34% -14% -9% -4% 1% 6%

3 Auto Sales january 2019 The first month of the calendar year 2019 took off in a slow lane, marred by tough market conditions like highinterest rate, vehicle price hike and low consumer sentiment. Majority of automakers either posted a marginal increase in sales or registered a decline. However, only a few exceptions like Honda Cars India, Ashok Leyland, and Suzuki Motorcycles continue to post double-digit growth which is primarily because of stock adjustments at the dealership level. Country s largest carmaker, Maruti Suzuki India saw a marginal growth of marginal 1.1% in domestic sales at 142,150 units in the month of January 2019 as against 140,600 units dispatched to the dealers across the country in January 2018.Sale of mini segment including Alto and Wagon R was marginally up by 0.3% and the utility vehicles rose by 8%.On the other hand compact segment including Swift, Baleno, Dzire, Ignis, Celerio witnessed a decline of 3.5% during the month. The midsized car Ciaz saw a drop of 42%. Hyundai Motor India Ltd reported domestic sales of 45,803 units for January 2019, up at a marginal 0.6 percent from 45,508 units sold in Jan 18. Hyundai registered an all model growth on account of strong performance by Santro, Grandi10, Elite 120, Creta and Next Gen Verna. Hyundai registered an all model growth on account of strong performance by Santro, Grandi10, Elite 120,creta and Next Gen Verna. Mahindra & Mahindra posted 6% growth in the domestic sale at 52,500 in January, compared to 59,441 units in the same month last year. Tata Motors domestic sales of passenger vehicles witnessed a drop of 7.6%, at 54,915 units in January 2019, as compared with 59,441 units sold the same month last year. Meanwhile, Honda cars India posted strong double-digit growth of 23% on the back of Amaze and WR-V. The company sold a total of 18,261 units in January 2019, compared to 14,838 units in the corresponding month in Bajaj Auto reported a growth of 14.5% in domestic sales at 2,36,461 units during Jan 19 vs 2.02,193 units in Jan 18.This was on the back of increase of 25% sale of motorcycles in domestic market during the month. Chennai-based two wheeler manufacturer TVS Motor Company registered a growth of 2% with sales increasing from 262,995 units in January 2018 to 269,277 units in January Meanwhile Two-wheeler major Hero MotoCorp reported a decline of 9.15% in its sales for January 2019 to 582,756 units from 641,501 units reported for the corresponding month of last year. Eicher-owned, Royal Enfield reported a 7% decline in its domestic sales at 70,872 units in the month of January The company sold 76,205 units in the domestic market in January 2018.

4 Total Figure BAJAJ AUTO LTD 407, , % 346, % TATA MOTORS LTD 58,185 64, % 54, % MARUTI SUZUKI (INDIA) LTD 151, , % 128, % MAHINDRA & MAHINDRA 55,722 52, % 39, % TVS MOTORS 282, , % 271, % EICHER MOTORS 72,701 77, % 58, % ESCORT 5,991 5, % 4, % ASHOK LEYLAND 19,741 18, % 15, % HERO MOTOCORP LIMITED 582, , % 453, % Export Figure BAJAJ AUTO LTD 175, , % 165, % TATA MOTORS LTD 3,270 4, % 3, % MARUTI SUZUKI (INDIA) LTD 9,571 10, % 6, % MAHINDRA & MAHINDRA % % TVS MOTORS 52,650 42, % 60, % EICHER MOTORS 1,829 1, % 2, % ESCORT % % Total Domestic Sales (Excluding Export) Figure BAJAJ AUTO LTD , % % TATA MOTORS LTD , % % MARUTI SUZUKI (INDIA) LTD , % 121, % MAHINDRA & MAHINDRA , % % TVS MOTORS , % 211, % EICHER MOTORS , % 56, % ESCORT 5,762 5, % 4, % TATA MOTORS GLOBAL WHOLESALES 100, , % 100, % GLOBAL WHOLESALES(JLR) 41,676 49, % 45, % Global Wholesales (Jaguar) 12,904 16, % 14, % Global Wholesales (Land Rover) 28,772 33, % 31, %

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