Categories : Auto Repair

 
Jaguar Slashes Rates And Provides Complimentary Maintenance

As part of that plan, the British automaker has actually slashed prices in the U.S., making its whole 2016 model lineup that much more compelling to car …
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LIC reshuffles stake in vehicle companies

Life Insurance Corpor-ation (LIC), the nation’& rsquo; s biggest institutional financier, is reorganising its financial investment in auto business. The government-owned giant is reserving profits in stocks like Maruti Suzuki and Ashok Leyland that have seen significant appreciation. It has also raised its stake in stocks like Tata Motors and Hero MotoCorp that have actually underperformed. The value of LIC’& rsquo; s stake in 7 auto business appreciated by 25 per cent or Rs 6,200 crore to Rs 30,799 crore in the year ending June. Some of these gains, nevertheless, were lost in the market’& rsquo; s recent southward movement. LIC reserved profit in Maruti Suzuki by cutting its stake from 6.63 per-cent on June 30, 2014, to 5.7 per-cent as of June 30 this year. However, with the almost 70 per cent rise in the stock rate of the nation’& rsquo; s biggest car maker, the value of LIC’s stake has actually moved up from Rs 5,418 crore to Rs 7,881 crore. It also reserved a revenue in industrial vehicle maker Ashok Leyland, whose stock rose 180 per cent in the year ending June. And, in TVS Motor, whose stock got 28 per cent. Maruti’& rsquo; s stock has actually appreciated on elements like double-digit growth in car sales, enhanced earnings due to stable input prices and low royalty outgo to moms and dad company Suzuki, due to a weak yen. Leyland’& rsquo; s share rate also increased on enhanced earnings and demand for business automobiles. The earnings reservation comes at a time when many brokerages have a ‘& lsquo; Purchase & rsquo; contact both Maruti and Leyland. “& ldquo; Earnings reservation is the mantra for survival in the existing market scenario. LIC is following the best method by booking earnings in Maruti and Leyland,” & rdquo; said S P Tulsian, an independent investment advisor. It has actually also raised stake in business whose stock price has actually decreased or seen a much lower gratitude compared with Maruti or Leyland. In Tata Motors, whose stock rate slipped 30 percent in the YEAR ended June, it has actually enhanced stake from 3 … See all stories on this topic

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