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Auto companies may disappoint street on volume growth front in H2

image Auto companies could see another round of earnings cuts as the asking monthly run-rates for the remaining months of FY20, given the current projections, appear rather tall.

Projected EPS of auto companies have been slashed 15-35 per cent for FY20. Still, the risk of negative earnings growth is mounting for several auto companies, such as Ashok LeylandNSE -2.11 %, Tata MotorsNSE -1.11 %, Maruti and Eicher MotorsNSE -0.70 %, according to IIFLNSE 1.27 %.

Despite the sharp fall in ............ET