Stock's underperformance, discount to peers expected to ease as software major catches up on revenue growth
JLR will be investing £4.5 billion each year through to 2021
Load factors to remain under stress amid aggressive capacity addition
The company indicated that weak sales for the sector over the last couple of months were on account of rise in product costs due to upfront insurance charges and also the NBFC issue
Its premium valuations are, however, expected to sustain
The last time the sector did better than the benchmark indices was in 2016, led by oil PSUs, select banks and power sector plays
The rural segment - which accounts for 35-40% of sales - saw better growth than urban markets with the outperformance pegged at 1.3 times
Improvement after Indus merger has been factored in, but valuations not demanding
The company indicated that it would continue to grow its advertising revenues faster than the industry
Stability in pricing for the second consecutive quarter may bring back buoyancy
Fall in truck volumes and pressure on non-auto segments are the negatives
The company, however, believes that new model launches and China revival will lead to a reversal in fortunes
Multiple headwinds have dented the company's September sales
Client additions, digital revenues, weak rupee should aid revenue growth
The new launches of Mahindra & Mahindra expected to improve market share, which has been lagging its key competitors
Brokerages have cut net profit estimates by up to 12 % over next few years
Growth metrics expected to surpass peers; valuations on the higher side
The decision to cap management compensation and incremental subscription growth are other triggers
With capex cycle coming to an end and occupancies increasing, operating profit is expected to double over next three years
The company's focus on less cyclical segments such as spares, defence and exports is expected to improve their share to 19% of revenue over the next three years, from 16% now