Tata Motors which reported extremely poor results last quarter due to covid impact is looking ahead now. Tata Nexon EV (electric vehicle) sales is above expectations as per market reports. Tata has been getting extremely positive response for its EV compared to MG or Hyundai. Can this be treated as a positive to buy Tata Motors shares ? Lot of questions to be answered. Can this surge in EV sales lift Tata Motors ? Tata motors has an upper hand in EV game as it has charging infrastructure ready in most cities at least in the dealerships and the service network is remarkable. Also going by the sales, Tata nexon EV is the first real blockbuster EV car in India. Tata could easily capitalise on the EV transformation wave. Tata motors shared are set for value upgrade considering the bright future for EV. Could Tata motors be the TESLA of India ? This question can be answered in the next 12 months easily. Govt has also announced sops for EV like Zero road tax, subsidy for Battery, Registrati
Due to lockdown in April 2020, Indian mobile subscribers reduced drastically by 82 lakhs.
Airtel lost 52 lakh subscribers while Vodafone Idea lost 45 lakh subscribers. JIO added 16 lakh new subscribers.
The loss of subscribers are mainly due to the inability of the lower end users to recharge particularly the migrants.
Yes bank 2020-2021 1st Quarter profit has dropped below 50 crores. But the operating profits increased to 1100 crores inspite of corona related provisioning.
Surprisingly the deposits have increased in Yes Bank inspite of all the bad news.
Bank has managed to retain its customers and also increase the deposits. Net lending margin has also increased to 3%
NPA has only increased marginally from 16.80 per cent to 17.30 per cent and compared to 5.01 per cent in same quarter last year. Net bad asset ratio declined to 4.96 per cent from 5.03 per cent last quarter.
Based on the results one can assume that the worst is behind.
However the only issue is the EPS which has decreased significantly to 4 paise per share mainly due to increased dilution of equity.