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MOSL: Morning India (27/Mar/17)-1. EcoScope; 2. Mahindra & Mahindra (Corner Office)-3. Hindustan Unilever; 4. Aviation; 5. JK Cement (ART); 6. HOEC; 7. Dilip Bulidcon

​MOrning India (27/Mar/17): 1. EcoScope; 2. Mahindra & Mahindra (Corner Office); 3. Hindustan Unilever; 4. Aviation; 5. JK Cement (ART); 6. HOEC; 7. Dilip Bulidcon

Today’s top research idea

The Corner Office: M&M – Preparing for the changing landscape

• ​M&M is re-aligning itself to changing landscape, and believes it is relatively better placed due to synergies within the company and the group.
  
• Farming 3.0 would define the future of agriculture in India and M&M’s FES business. It is holistic approach for driving next leg of growth of M&M’s FES business.
  
• Farm Machinery business is expected to be the next big thing and M&M is well prepared with recent acquisitions/alliances in that space.
  
• In SUVs, its market share recovery strategy is based on recovery in existing models (by incorporating feedback from the ground) and new models (MPV U321 in 2HFY18 and compact SUV S201 in 1HFY19).
  
• BS-VI would be disruptive as relative economics of various segments would change. Convergence of trends like connectivity, safety and product design with BS-VI could change competitive positioning in the Indian market.