Choppy Trading for Indian Indices

Thu, 25 Feb 11:30 am

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After opening the day on a flattish note, the Indian Markets have not found a clear direction and are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks from the metal and healthcare sectors leading the gains. IT and power stocks are trading in the red.

The BSE Sensex is trading up by 28 points (up 0.1%) and the NSE Nifty is trading up by 2 points (up 0.02%). The BSE Mid Cap index is trading down by 0.3% while the BSE Small Cap index is trading flat. The rupee is trading at 68.58 to the US$.

Automobile stocks are trading on a mixed note with Mahindra & Mahindra and Tube Investments leading the gains. As per a leading financial daily, TVS Motor is aiming to corner 20% of India's two-wheeler market over the next three years. This comes as the company is banking on products including the new Apache and Victor motorcycles to drive demand. Moreover, the company is also seeking to break into double-digit operating margin in the same period.

The company said that it is aiming to produce 3.6 million to 4.2 million units a year by 2018-19. This is as against its production of 2.4 million two-wheeler units for the year ended March 31, 2015. The company is currently making about 2 lakh two-wheelers a month. The company's management stated that to have a 20% share of the market in 2018-19, the company should be doing about 3-3.5 lakh units a month.

It should be noted that led by the new Jupiter, the company has more than doubled its scooter market share to 15% in the past couple of years. Its motorcycle market share too has increased, taking the overall market share higher by 3.4 percentage points since April 2015 to 13.4% in January 2016.

The above plans along with the company's partnership with BMW will help the company in expanding its market share in two-wheeler market and will help the company compete better with its competitors (subscription required).

TVS Motor is among the largest two-wheeler manufacturer in India. With plants in Hosur (near Bangalore), Mysore, Himachal Pradesh and Indonesia, it has the largest portfolio of vehicles and caters to the widest segment of customers. Presently the stock of the company is trading down by 2%.

In the software space, Tata Consultancy Services (TCS) has entered into strategic partnership with Element Financial Corporation (EFC). Under the partnership, TCS will help EFC significantly evolve its fleet management technology platform and user experience.

EFC, one of North America's leading fleet management companies, has enlisted TCS to help transform how its customers interact with fleet management technology, including enhancing service quality and customer experience. For this, TCS will enable EFC to modernize its legacy infrastructure into a new generation of digital platforms.

As part of this process, TCS will employ a user experience-centric design approach, providing fleet managers and drivers with critical information about their vehicles using mobile, web and tablet devices, and data-based intelligent decisions to optimize their resources using advanced analytics.

TCS is a global leader in IT services, digital and business solutions. The company in its results for the third quarter ended December 2015 reported a 0.7% quarter-on-quarter (QoQ) increase in its consolidated sales while consolidated net profit was flat sequentially. Here is our analysis of the results (subscription required). If you are interested in the stock, then this is a must read! The scrip of TCS is trading down by 1%.

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