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Get My Parking Acquires EV Startup Mobilytics
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Org Chart: The People With Power At IPO-Bound MobiKwik
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“Its likely product offensive over the next three years, especially SUVs, may coincide with replacement demand-led potential upturn in passenger vehicles. That should drive strong volume and EPS CAGR over FY21-24,” said Chirag Jain, analyst, DAM Capital. “Valuations at 23.7 times FY23 estimated earnings are reasonable, supported by strong earnings CAGR, strengthening franchise and steady high return ratios.”
Foreign portfolio investors have consistently increased their stake in the last four quarters from 21.63% in March 2020 to 23.11% in March 2021.
The Maruti Suzuki stock currently trades at 25 times FY22 estimated earnings the most expensive auto stock globally after Tesla, BYD and Ferrari.
Analysts believe that valuations will expand further to 30 times in three years as the Street gains confidence in its earnings rebound, with improving visibility on the new launch cycle.
ACKO s launches a new film on Pride Day to support LGBTQ+ community
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Monsoon sets in: Traffic snarls and diversions hit waterlogged Mumbai
Vehicles ply through waterlogged road at MAFCO market during heavy rain, in Navi Mumbai, Wednesday, June 9, 2021. (PTI Photo)
Moderate rainfall on Wednesday has led to traffic diversions and road closures due to waterlogging in various parts of Mumbai. Some of the key roads that were worst affected by the rains inclue the Western Express Highway (WEH), Eastern Express Highway (EEH) and the Eastern Freeway.
Andheri subway has been temporarily closed due to waterlogging, Dahisar subway will follow suit, said an official. Waterlogging was reported along the SV Road as well, stunting vehicular movement.