Earnings Report /

Indus Motors: 3QFY21 analyst briefing takeaways

  • With the overall surge in Auto sales, INDU’s market share in 9M rose to c. 24% from 21% yoy

  • According to management, INDU is not impacted by the semiconductor chip shortage, and will ramp up production after Eid

  • We flag INDU as our top pick in the Autos sector, with a Buy rating (TP of PKR1,458/sh)

Abdul Ghani Mianoor
Intermarket Securities
7 May 2021


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