Auto Stocks Outlook For The Week - 10 To 14.09.2018

Auto Stocks Outlook For The Week - 10 To 14.09.2018

             Equity Cash/Futures/Options Segment 

Stocks of automobile companies are expected to rise next week because we expect a boost in demand during the upcoming festival season. Nifty Auto may also take cues from the benchmark indices on the back of any impact due to the trade war between the US and China, and movement of the rupee against the dollar. Automobile companies released their sales figures for the month of August this week, where the commercial vehicle segment reported the strongest numbers, followed by two-wheelers and then passenger vehicles. Going forward, as we enter the seasonally strong sales season for two-wheeler and car sales with companies building in inventory ahead of the festive season, we believe the absolute volume will be higher compared to August and expect improvement in the overall growth rate for cars and two-wheeler original equipment manufacturers.

Source : Cogencis Information Services Ltd.

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