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M&M share price up 2% after CLSA retains ‘buy’

Sumary of M&M share price up 2% after CLSA retains ‘buy’:

  • The global research firm, however, cut FY21-23 core EPS by 3-7 percent to factor in volume losses due to chip shortages…
  • The brokerage has forecast FY22/23 tractor industry growth of 8 percent/2 percent on an FY21 base of 25 percent…
  • It is of the view that SUV launches and a cyclical recovery in light commercial vehicles (LCV) should drive auto segment margin…….

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