Sharekhan Investor's Eye dated December 01, 2006

[Sunil]

 

Investor's Eye [December 01, 2006] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents PULSE TRACK Fiscal deficit target looks more achievable  SECTOR UPDATE Automobiles Good show in November Bajaj Auto rendered a brilliant performance in November with the overall sales rising by 32.9% year on year (yoy). Hero Honda Motors reported decent sales for November. The domestic sales for the month rose by 12% to 273,058 vehicles. The exports were more or less flat at 7,124 units for the month. TVS Motors' numbers for the month were disappointing with an overall growth of just 4.3%. The higher inventory with the dealers at the end of September continued to have a dampening effect on the sales.  Maruti Udyog reported strong sales for November 2006 with a domestic growth of 20.7% and an overall growth of 16.1%. Mahindra & Mahindra (M&M) reported good numbers for the month of November 2006. Its utility vehicle (UV) sales were up by 14.8%, and the sales of the new Scorpio stood at 2,603, rising by 31.5% yoy.

Regards, The Sharekhan Research Team myac...@sharekhan.com

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