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Munjal Auto Industries, a leading auto component manufacturing company in India, continues to benefit from its extensive track record of operations. Munjal Auto has an installed annual manufacturing capacity for various automotive assemblies. The company is the sole supplier of mufflers to Hero MotoCorp and acquired a stake in Indutch Composites Technology. Ramp up in ICTPL’s performance would further stabilize Munjal Auto's consolidated operations.

Its manufacturing facilities are strategically located in India, US and Saudi Arabia. The company has established a leadership position globally in the line pipe and home textiles sectors.

“They are now well placed to sustainably deliver 1% RoA, which looked aspirational earlier. Select PSBs like SBI guided for 1.2% RoA in FY25, implying scope for earnings upgrade, Poddar said.

Normally, the growth tends to slow down after the festivals, but this year it has continued well beyond that period, noted Motilal Oswal Financial Services.

​So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates.