CapitalStars Financial Research Pvt Ltd

CapitalStars

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

Commodity Market Services

Commodity Market Services

In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

Nifty Market Services

Nifty Future Services

We provide you around 1-2 nifty calls, Bank Nifty Futures, nifty futures tips, sgx nifty tips Daily. You can gain more profit, Get 2 days free trial calls. Read More

Equity Market Services

Equity Market Services

In this service we provide 2-4 intraday stock cash calls in NSE/BSE with a high level of accuracy.You can also avail Free Stock Tips for two days to test our accuracy and if satisfied you can join stock cash services with Capital Stars. Read More

Register now

CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Tuesday 2 January 2018

Capitalstars Updates: M&M reports 30% growth in tractor sales in December 2017: 2 Jan 2018

Capitalstars Updates: M&M

Mahindra & Mahindra Limited’s (M&M) Farm Equipment Sector (FES) reported 30% growth in tractor sales in December 2017. FES sold 18,288 tractors in December 2017 against 14,047 tractors in December 2016.

Domestic sales for December 2017 were 16,671 tractors vs. 12,619 tractors in December 2016, the growth of 32%, while export sales for December 2017 were 1,617 units vs. 1,428 units in December 2016, the growth of 13%.

The company management expects the good sales show to continue in the coming months on the back of healthy reservoir levels and good rabi sowing.

M&M derived revenue from farm equipment (50%), automotive including 2W (27%), financial services (18%) and others (5%) as on FY17. It is a market leader in the tractor industry with a share of ~44% as on 1HFY18. On account of new launches and normal monsoon, Management expects the industry to grow at 12-14% in FY18. In the automotive business, M&M expects UV segment to perform well backed by two new launches and three product refreshes.

M&M’s FE business continues to do well and we expect the company to maintain a leadership position on account of new launches. This along with new UV launches is expected to drive 11% revenue CAGR over FY17-20E. Although UV market share slippage is expected to halt, volume pressure amidst rising competitive intensity is expected to limit EBITDA margin expansion to 200bp over FY17-20E. Owing to increased capex over FY17-20E and higher tax rate, we expect PAT to grow at 11% CAGR over FY17-20E. 

Mahindra & Mahindra Ltd is currently trading at Rs751.5, up by Rs6 or 0.8% from its previous closing of Rs745.5 on the BSE.

The scrip opened at Rs753 and has touched a high and low of Rs756.5 and Rs746.6 respectively. So far 1466784 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs92,680cr.


Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide a free trial to our client.Join our services and trade with us. 


Also, u can visit:-

capitalstars quick payment

Get more details here:-


* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

0 comments:

Post a Comment