This article is more than 2 month old.

Positive on JLR prospects; expect over 15% volume growth: HDFC Securities

Mini

Aditya Makharia, Senior Analyst-Automobiles of HDFC Securities is positive on the prospects for Jaguar-Land Rover (JLR).

Tata Motors’ operationally strong earnings were in line with the street expectations. The company’s management is cautious owing to supply-side issues and rising raw material costs.
Sector experts are of the view that Tata Motors have the potential to drive growth going ahead.
Aditya Makharia, Senior Analyst-Automobiles of HDFC Securities is positive on the prospects for Jaguar-Land Rover (JLR).
“Tata Motors has a lot of growth drivers ahead for it. There are several triggers which are yet available for this company,” Makharia told CNBC-TV18.
He expects a double-digit growth, 15 percent plus volumes at JLR for next year.
“Near-term could be a little volatile but second-half onwards things should start looking much better,” he said.
For more, watch the accompanying video.

Market Movers

CompanyPriceChng%Chng
Hindalco458.10 41.80 10.04
Tata Steel1,458.60 93.60 6.86
Bajaj Finserv14,599.05 628.50 4.50
SBI441.55 16.05 3.77
JSW Steel748.40 26.70 3.70
CompanyPriceChng%Chng
Tata Steel1,459.00 93.85 6.87
Bajaj Finserv14,590.45 625.20 4.48
SBI441.75 16.30 3.83
HCL Tech1,007.60 24.95 2.54
Sun Pharma703.25 15.70 2.28
CompanyPriceChng%Chng
Hindalco458.10 41.80 10.04
Tata Steel1,458.60 93.60 6.86
Bajaj Finserv14,599.05 628.50 4.50
SBI441.55 16.05 3.77
JSW Steel748.40 26.70 3.70
CompanyPriceChng%Chng
Tata Steel1,459.00 93.85 6.87
Bajaj Finserv14,590.45 625.20 4.48
SBI441.75 16.30 3.83
HCL Tech1,007.60 24.95 2.54
Sun Pharma703.25 15.70 2.28

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.2850-0.0900-0.12
Euro-Rupee88.1670-0.0440-0.05
Pound-Rupee103.70600.18000.17
Rupee-100 Yen0.6762-0.0004-0.05