Asahi India Glass: Hold

Though the financial performance of Asahi India Glass in the last few quarters has not been very impressive, recent initiatives will help it get back into the growth trajectory.

Investors may continue to hold the stock while fresh exposures may be considered after clearer signs emerge of growth in its earnings.

The efforts to move up the value chain and the thrust on the architectural glass market are positive features.

Asahi India is aggressively expanding capacity that will help it exploit the growing demand for automotive glass.

Auto factor

Asahi India is the largest manufacturer of automotive safety glass in the country.

It has a dominant position in the original equipment market and caters to almost all automobile producers in the country.

Its clientele includes auto majors such as Maruti, Hyundai, Ford, Mahindra & Mahindra, Tata Engineering and Toyota.

Aided by strong growth in automobile production, the company has managed to record a steady growth in earnings in recent years.

Read the entire news on the source link below.

600450 Asahi India Glass: Hold
Date: 22 May 2006

See more news about:

See more from these topics:

Others also read

Nippon Sheet Glass Co., Ltd. will install a new high-performance press bending line at the Maizuru plant (Kyoto, Japan) for automotive windshields, applying its proprietary technologies.
Şişecam opens two new production plants in Tatarstan with an investment of USD 310 million
Eastman Chemical Company presented some exciting products at Glasstec.
The vacuum specialist Schmalz has developed new suction cups for grinding glass workpieces on flat table machines produced by the Japanese manufacturer Bando Kiko.
AGC Automotive Europe has introduced its darkest grey glass to date, intended primarily for car roofs and rear windows.
AGC Automotive Europe has reached a basic agreement with Induver Holding, a glass manufacturer in Morocco, to set up a joint venture for manufacturing automotive glass destined both for Europe and for North African markets.

From industry

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/

Portuetxe bidea 18
20018 San Sebastián (Gipuzkoa) Guipúzcoa

Add new comment