HDFC Sec initiates coverage in Asahi Glass (Jan 2021)
“We believe, Asahi will continue to trade at a premium to other auto ancillary companies which is mainly on the back of its dominant strong market positioning and MNC parentage with global expertise which makes it a preferred choice for OEMs. Also it faces no threat from the advent of Electric Vehicles. Its presence in high value architectural segment will help grow revenues and maintain high margins”