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Company insights, generated from the most recent coverage.
JPMorgan Auto Tour analyst meet on Sep 24 in Gurugram is the next catalyst; positioning ahead of management commentary on FY27 guidance is keeping buyers on the sideline.
Volume of 4.8 lakh shares was 54% below the prior day and only 0.62x the 1-month average — selling is happening on thin trade, meaning no institutional or retail bid is absorbing supply.
The de-rating is sentiment-driven, not earnings-driven — FY26 VAR grew 12.3% to ₹49,180 Mn with 18.8% EBITDA margin and 94% ROCE, so the underlying business remains intact while the stock corrects.
