Eicher Motors: Troubles are brewing at the helm of this two wheeler and commercial vehicle maker. On August 13, Vinod Dasari, the CEO and Executive Director of the company stepped down just two years after he took charge of the company. Last week, during the company’s annual general meeting (AGM), shareholders voted against the reappointment of the company’s former Managing Director Siddhartha Lal. According to reports, shareholders opposed a 10% hike in Lal’s salary due to the impact of the pandemic on the automobile maker. On August 23, the board reappointed Lal as Managing Director subject to public shareholder’s approval.

Escorts: This tractor maker’s stock is up by 12% in one month reaching its highest point in FY22. In Q1FY22, the company’s revenue jumped by 57% YoY to Rs 1,671 crore, with net profits doubling to Rs 185 crore on improved demand for tractors. With a trailing 12-month price to earnings (PE) ratio of 18.2, against an average PE of 26.2, it remains in the neutral zone.

Marico: This FMCG company reported its highest ever quarterly sales in Q1FY22 despite the pandemic suppressing demand in its rural market. Its EBITDA margins expanded by 2.8 percentage points QoQ in Q1FY22 to 19.9% due to falling input costs. The management expects input costs to fall further in Q2 and Q3. However, price hikes that were enforced to deal with rising input costs will not be called off. Analysts expect this to help the company’s bottom line in the coming quarters.

PVR: Brokerages are concerned this cinema operator is unlikely to recover even as commercial activity ramps up. In a note, Geojit BNP Paribas lowered its target price on the stock to a 2% upside. The brokerage said the movie pipeline in Q2FY22 is lack lustered as many production houses have delayed launches to the second half of FY22. As of August 2021, only 63% of its screens were operational.

Asian Paints: After five months, mutual funds are now buying this paints company’s stock. In July 2021, mutual funds purchased 8.2 lakh shares in the company, increasing their holding in the company by 3.1% on a monthly basis. Between February to June, mutual funds sold 35.2 lakh shares, decreasing their holding in the company by 15%. In the past year, mutual funds were net buyers of the company’s stock in only two months — January and July 2021.