Auto Stocks Outlook For The Week - 22 To 26.10.2018
Stocks of most automobile companies are likely to rise next week, with sentiment for Maruti Suzuki India Ltd, Tata Motors Ltd and Mahindra & Mahindra Ltd turning positive. We are positive on the shares of Maruti Suzuki, Hero MotoCorp Ltd and Tata Motors as the companies are likely to benefit from improvement in rural economy. The two-wheeler segment and budget segment of commercial vehicles are expected to grow in the short-to-medium-term as the festival season is round the corner. Hero MotorCorp will launch its Destini 125cc motorcycle on Monday to improve its festival season sales. Bajaj Auto Ltd and Maruti Suzuki will report their earnings on Wednesday and Thursday, respectively, and they are likely to provide cues to the sector as well. Benchmark indices are likely to be volatile on account of earnings of key companies as well as rollovers before expiry of October derivative contracts, and this may also affect the movement in Nifty Auto index.
Source : Cogencis Information Services Ltd.
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Stocks of most automobile companies are likely to rise next week, with sentiment for Maruti Suzuki India Ltd, Tata Motors Ltd and Mahindra & Mahindra Ltd turning positive. We are positive on the shares of Maruti Suzuki, Hero MotoCorp Ltd and Tata Motors as the companies are likely to benefit from improvement in rural economy. The two-wheeler segment and budget segment of commercial vehicles are expected to grow in the short-to-medium-term as the festival season is round the corner. Hero MotorCorp will launch its Destini 125cc motorcycle on Monday to improve its festival season sales. Bajaj Auto Ltd and Maruti Suzuki will report their earnings on Wednesday and Thursday, respectively, and they are likely to provide cues to the sector as well. Benchmark indices are likely to be volatile on account of earnings of key companies as well as rollovers before expiry of October derivative contracts, and this may also affect the movement in Nifty Auto index.
Source : Cogencis Information Services Ltd.
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