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Team Research

MOSL: Morning India (6/June/18): 1. Bulls & Bears: India Valuations Handbook; 2. Ecoscope; 3. Tata Motors; 4. Biocon; 5. Prism Johnson; 6. Aviation Monthly

MOrning India (6/June/18): 1. Bulls & Bears: India Valuations Handbook; 2. Ecoscope; 3. Tata Motors; 4. Biocon; 5. Prism Johnson; 6. Aviation Monthly

 

Today’s top research idea

Tata Motors: Changing DNA – being more frugal, agile and accountable; Continued laser-sharp focus on cost and capex optimization

  • Tata Motor’s hosted Investors Day for the India business. The message which was very clear from the India management team was a) DNA of the organization changing towards being frugal, agile and accountable, b) sharp focus on competitive, consistent and cash accretive growth in both businesses, and c) continued laser sharp focus on cost and capex optimization.
  • TTMT is aiming for “Winning decisively” in CV segment by focusing on a) strengthen product planning to address white space, b) lead in technology, c) product development through modular platforms and d) enhance customer engagement.
  • In PV business it is aspiring to 3rd largest player in the PV industry. Volume ramp up coupled with continuous focus on optimizing cost and capex will turnaround PV business.
  • It is focused on improving productivity of capex by lower cost capacity addition and modular platform.

Piping hot news

Discom losses plunged to ₹17,352 crore in FY18, says power minister

  • State-owned electricity distribution companies (discoms) have witnessed a substantial drop in their losses, power minister Raj Kumar Singh said on Tuesday. Discom’s losses have narrowed to Rs17,352 crore in 2017-18 from Rs51,096 crore in FY16.
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