two-wheeler stocks: Why fresh lockdowns may spell more trouble for two-wheeler stocks
Why fresh lockdowns may spell more trouble for two-wheeler stocks The volume recovery for bikes has been slower than that of the passenger cars. Synopsis Over the past few days, five states accounting for nearly 30% of the country’s bike sales volume, have imposed lockdowns resulting in a complete halt in retail sales. ET Intelligence Group: The stocks of two-wheeler makers have trailed the benchmark Nifty 50 by 5.6% over the past month. Their price-earnings multiples are now 13-17% lower than the one-year average. The underperformance may continue in the near-term due to the possibility o...
Source: indiatimes.com