BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
Sundaram Finance Ltd.’s management referred to an overall muted performance in the economic activity for Q1 FY23 was largely driven by geopolitical pressures resulting in rising oil prices and high inflationary environment coupled with rising interest rates.
However, management indicated that the demand would continue to rise for the coming quarters. Overall, the management remained positive about the growth prospects of the commercial vehicle market going into FY23 and beyond.
It expects broad-based recovery across all segments in the upcoming quarters and recovery to normalcy which will enable a pick-up in credit-offtake.
Management growth prospects for Sundaram Finance’s segments of construction equipment, tractor and farm equipment as well as commercial lending continue to remain bright.
Demand for passenger vehicles remains strong, constrained only by supply. Management indicated current collection is at the pre Covid levels and with the economy picking up collection and recovery is expected to remain strong going forward.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR