M&M tractor woes Mahindra & Mahindra announced no-production days in its tractor plants at Rudrapur and Jaipur. This is their statement to the exchange. Mahindra & Mahindra Ltd has informed BSE that the Company, as part of aligning its production with sales requirements, would be observing No Production Days at the Company’s Tractor Plants located […]
Swaraj Engines – Stock Research – Update
A few days back I had written a detailed research note on Swaraj Engines Ltd. As expected the slowdown in tractors sales is a reality. Mahindra & Mahindra announced their results 2 days ago. They had a decent quarter with net profit up 26% year-on-year. What’s of interest are the tractor sales figures as these […]
Swaraj Engines Ltd. stock research – a promising small cap company
One of the companies I have invested in since last year is Swaraj Engines Ltd. It is a small cap stock with a market cap of RS. 490 cr as of close of day, 3 August 2012. Summary Manufactures and supplies tractor engines for Mahindra & Mahindra’s “Swaraj” brand of tractors. Indian agriculture sector has […]