Auto Stocks Outlook For The Week - 28.05.2018 To 01.06.2018
Stocks of most automobile companies are seen rising next week on the back of a positive sentiment
towards heavyweights like Maruti Suzuki India Ltd and Mahindra & Mahindra Ltd. Maruti Suzuki India Ltd's parent Suzuki Motor Corp yesterday announced that it has decided to take its cooperation with Toyota Motor Corp to the next level by starting discussion on new joint projects in the fields of
technological development, vehicle production, and market development. We are also optimistic towards Mahindra & Mahindra Ltd as the company is expected to report a 48.3% on-year rise in its net profit at 10.8 bln rupees. All eyes will also be on the automobile sales figures for the month of May, to be detailed from Friday onwards.
Source : Cogencis Information Services Ltd.
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Stocks of most automobile companies are seen rising next week on the back of a positive sentiment
towards heavyweights like Maruti Suzuki India Ltd and Mahindra & Mahindra Ltd. Maruti Suzuki India Ltd's parent Suzuki Motor Corp yesterday announced that it has decided to take its cooperation with Toyota Motor Corp to the next level by starting discussion on new joint projects in the fields of
technological development, vehicle production, and market development. We are also optimistic towards Mahindra & Mahindra Ltd as the company is expected to report a 48.3% on-year rise in its net profit at 10.8 bln rupees. All eyes will also be on the automobile sales figures for the month of May, to be detailed from Friday onwards.
Source : Cogencis Information Services Ltd.
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