Motilal Oswal - MOrning India (28/May/19): 1. Tata Motors (Firmly on transformation path); 2. EcoScope (Rural sector and capex to be the key focus areas); 3. GAIL; 4. Interglobe Aviation; 5. Motherson Sumi

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Motilal Oswal

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MOrning India (28/May/19): 1. Tata Motors (Firmly on transformation path); 2. EcoScope (Rural sector and capex to be the key focus areas); 3. GAIL; 4. Interglobe Aviation; 5. Motherson Sumi

MOrning India (28/May/19): 1. Tata Motors (Firmly on transformation path); 2. EcoScope (Rural sector and capex to be the key focus areas); 3. GAIL; 4. Interglobe Aviation; 5. Motherson Sumi; 6. Zee Entertainment; 7. Colgate; 8. BHEL; 9. NHPC; 10. Oil India

Today’s top research idea

Tata Motors: Firmly on transformation path; Focus on offering affordable technology to gain competitive advantage

Focus is on leveraging technology to gain competitive advantage by making it more affordable as well as sustainable.
Very high focus on modularization in both CVs & PVs to derive cost savings and lower development cost & time.
Continued laser sharp focus on growth, profitability and cash flow generation. It is targeting 2-3% net reduction on material cost (through VAVE initiatives and efficient sourcing), which would counter high discounting and commodity fluctuations.
CV biz witnessing green shoots; expects recovery from 2HFY20 (if not from 2QFY20). In PV, it expects industry to see recovery soon, as effect of shock from fuel price/financing is waning. It expects to continue gaining market share over next few years led by plugging gaps in product portfolio/network.

Piping hot news

India Inc seeks lower taxes, banking reforms, continuity of fiscal recovery

A cut in corporate and personal tax rates, a simplified tax regime, banking reforms and continued focus on fiscal health topped the wish list of India Inc for the upcoming budget. Industry associations on Monday batted for increased focus on ease of doing business in high employment-generating sectors including tourism and textiles.

28/05/2019 1 EN

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MOrning India (28/May/19): 1. Tata Motors (Firmly on transformation path); 2. EcoScope (Rural sector and capex to be the key focus areas); 3. GAIL; 4. Interglobe Aviation; 5. Motherson Sumi

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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