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M&M: Eicher, M&M and Maruti are preferred picks in auto: Hemang Jani


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Capex being the key theme that the investors want to participate in, there has been very strong action across names like L&T, Voltas and a host of midcap companies, says
Hemang Jani, Equity Strategist & Senior Group VP,
MOFSL.
It has been a strong beat for
Tata Steel on EBITDA, deleveraging has been accelerated, the consolidation debt reduction stands at a sizable Rs 10,300 crore on a sequential basis. Do you think the earnings are going to push the stock further because it has already been quite a winner?
Numbers have been pretty good and there is a beat across most of the parameters. The India business, in particular, stands out in terms of volume growth, EBITDA per tonne. The big takeaway was the significant debt reduction that the company has been able to achieve. The key focus area for the market could be how the European business shapes up because if you look at the quarterly numbers and leave aside the one-time item, even the European ....

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