While losses at the greenfield facilities have come down to 19 million euros from 175 million euros in FY20, analysts expect them to turn positive at the operating profit level by the end of FY21
All that happened in the markets today
The third part of the series looks at how the firm used its first-mover advantage to get production back on track
The positives, according to analysts, are a simplified group structure, investment options for minority shareholders and value discovery of international business
The company will demerge its domestic wiring harness business into a new firm that will eventually be listed
Promoter entity SAMIL would be merged into MSSL
The reorganisation plan entails a demerger of the domestic wiring harness (DWH) business from MSSL into a new company that is in the process of being incorporated as a wholly-owned subsidiary of MSSL
Strong operating performance, falling debt keep Street positive
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions
Breakout from 240 would lead Bandhan Bank's stock to witness more upward movement
Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure
Weak global auto demand a major challenge
Another trigger for the rally is the expectation of an improvement in the European auto market
Company puts up a better-than-expected showing in Q2FY20
The company's European operations accounted for more than 40 per cent of the company's consolidated revenue in the fiscal year ending March 2019
Total revenue from operations rose to Rs 16,792.53 crore for April-June 2019
Muted global and domestic auto environment to impact revenues and margins
Investors should await for an improvement in the demand scenario before taking an exposure the stock.
Any deal with Leoni could be worth more than 1 billion euros ($1.1 billion) but financing still needs to be worked out
The immediate trigger for the earnings downgrades were the weak results in the quarter on the back of margin pressures