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Uno Minda: The plant with a with a capacity of 120,000 wheels per month will be set up in phases over the next 5 years with the phase 1 commissioning scheduled for Q2 FY26, the company said.
The 66-year-old has a rich business experience of more than four decades in the auto components sector.
Studying the history of stock markets helps us to understand why a particular country or geographical area may be a better place for wealth creation and the expansion of listed companies. -December 18, 2023 at 10:15 am EST - MarketScreener
"For the largecap ITs, maybe one or two quarters of more softness can probably be expected. Generally, the third quarter is expected to be a weak quarter with a lot of furloughs expected and client discretionary patterns expected in the fourth quarter as well. But they should bounce back very smartly and fill in the valuation gap that the midcap IT companies versus largecaps probably have."
In the last five years, many auto ancillary companies have been trying to stay relevant to the EV space. Some got into EV space through organic routes as their existing product lines were still relevant to an electric vehicle, a few went through an inorganic route. Over the next one to two years, there would be shakeout in the auto ancillary space. The ones which are relevant to EV space are likely to get premium; others will probably just survive. So, while looking at an auto ancillary unit it would be worthwhile to figure out abouts its probability of staying relevant in EV space rather than...