"In the ancillary space we like Minda Industries given its constant penchant to increase content per vehicle and its presence in new-age technology products. In the prevailing times, the focus should be on picking up businesses that are capital efficient in nature and possesses healthy balance sheet strength (low debt) with a history of generating positive Cash flow from operations," he said. … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
So why the slump? Despite Beyond Meat’s burgeoning grocery-store sales, the company has been hit hard by shutdowns in the restaurant industry. Its food-service sales dropped 60.7% in the U.S., and 56.5% internationally, with Beyond Meat acknowledging a “meaningful slowdown” in the sector, which accounted for 49% of its total revenue in the same quarter last year. … [Read more...] about Here’s why Beyond Meat stock is down, even though we’re eating more fake meat