The auto space is back in the game. The decline in major commodity prices has been fruitful and margins have already started to improve. Will the upcoming festive season be a game changer for the auto space?
The auto space is back in the game after a very long time. The decline in major commodity prices has been fruitful and margins have already started to improve. Amid this positive environment, let s find out between Maruti Suzuki and M&M, which auto major is a better investment for the long term.
Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead.
On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation.
However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.
During Q4FY23, Ambani s oil-to-energy empire registered a PAT of ₹19,299 crore up by 19.11% YoY and 22.21% QoQ. EBITDA came in at ₹41,389 crore up by 21.8% YoY. O2C business reported a record EBITDA of ₹16,293 crore in Q4FY23 surging by 14.4%.