Latest news with #ChandramouliMuthiah
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Business Standard
4 days ago
- Automotive
- Business Standard
Hyundai Motor jumps 5% in two days after Goldman Sachs Initiates with 'Buy'
Goldman Sachs on Hyundai Motor India: Automobile major Hyundai Motor India's share price extended its rally for a second straight session on Wednesday, August 13, 2025, climbing as much as 2.51 per cent intraday to touch ₹2,259.35 – just a few points shy of its 52-week high of ₹2,265.05. The Hyundai Motor India stock has now risen 4.98 per cent over two days, driven by strong investor sentiment following a bullish initiation report by global brokerage Goldman Sachs. READ STOCK MARKET LIVE UPDATES TODAY The brokerage initiated coverage on Hyundai Motor India with a 'Buy' rating and set a 12-month target price of ₹2,600, signaling an upside potential of 20.8 per cent from current levels. In its report, Goldman Sachs analysts Chandramouli Muthiah, Kota Yuzawa, and Rishabh Rathi wrote, 'We view Hyundai Motor India Limited (HMIL) as well positioned to outgrow the India car industry, driven by new SUV launches triggered by upcoming greenfield capacity additions.' According to the analysts, Hyundai is set to benefit from a combination of upcoming high-volume model launches, a more favourable SUV and export mix, and its leverage to a potential domestic car market recovery expected by FY27. While the broader market remains cautious on near-term volume growth, Goldman Sachs' analysts believe Hyundai will start outpacing competitors more visibly from FY27 to FY28, supported by improving consumer sentiment and structural demand catalysts such as the 8th Pay Commission. The report also forecasts strong financial performance ahead, with earnings per share expected to grow by 10 per cent in FY26, 15 per cent in FY27, and 27 per cent in FY28. Ebitda margins are projected to rise to 13.8 per cent in FY28 from 12.9 per cent in FY25, while return on equity is forecast to climb from 20 per cent in FY23 to 31 per cent by FY28. The brokerage expects Hyundai to outperform the broader Indian auto sector, with a projected 8 per cent three-year volume CAGR, compared to 5.3 per cent for the overall industry. Valuations, though slightly elevated, remain justified in Goldman Sachs' view, with Hyundai Motor India trading at 27x forward P/E – one standard deviation above its historical average, and about 10 per cent higher than Maruti Suzuki. Key catalysts include Hyundai's first-ever Investor Day in October 2025, a slew of upcoming launches in the MPV and SUV segments, and a potential demand inflection in the second half of FY26. However, risks such as concentration in Creta and Venue models, rising competition in the SUV segment, market share pressure from KIA, and environmental compliance concerns remain on the radar.
Business Insider
15-07-2025
- Business
- Business Insider
Goldman Sachs Remains a Buy on Ola Electric Mobility Limited (OLAELEC)
In a report released today, Chandramouli Muthiah from Goldman Sachs maintained a Buy rating on Ola Electric Mobility Limited, with a price target of INR63.00. The company's shares closed today at INR47.07. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Muthiah covers the Consumer Cyclical sector, focusing on stocks such as Ola Electric Mobility Limited, Tata Motors Limited, and Hero Motocorp Limited. According to TipRanks, Muthiah has an average return of -3.1% and a 41.38% success rate on recommended stocks. Ola Electric Mobility Limited has an analyst consensus of Hold, with a price target consensus of INR45.75. The company has a one-year high of INR157.53 and a one-year low of INR39.67. Currently, Ola Electric Mobility Limited has an average volume of 4.42M.
Business Insider
01-06-2025
- Automotive
- Business Insider
Goldman Sachs Sticks to Its Buy Rating for Bajaj Auto Limited (BAJAJ.AUTO)
Goldman Sachs analyst Chandramouli Muthiah maintained a Buy rating on Bajaj Auto Limited ( – Research Report) on May 29 and set a price target of INR9,600.00. The company's shares closed last Friday at INR8,607.00. Confident Investing Starts Here: Muthiah covers the Consumer Cyclical sector, focusing on stocks such as Ola Electric Mobility Limited, Bajaj Auto Limited, and Hero Motocorp Limited. According to TipRanks, Muthiah has an average return of -2.3% and a 41.67% success rate on recommended stocks. In addition to Goldman Sachs, Bajaj Auto Limited also received a Buy from Investec's Aditya Jhawar in a report issued yesterday. However, on the same day, UBS maintained a Sell rating on Bajaj Auto Limited (NSE:
