Auto Stocks Outlook For The Week - 29.10.2018 To 02.11.2018

Auto Stocks Outlook For The Week - 29.10.2018 To 02.11.2018

             Equity Cash/Futures/Options Segment 

Stocks of passenger car maker are expected to fall next week after sector heavyweight Maruti
Suzuki India Ltd said it see a slowdown in sales during the festival season this year and expects a
rise in fuel prices and insurance costs to weigh on sales in the second half of 2018-19 (Apr-Mar).
However, the scenario looks a lot better for two-wheeler manufacturers as they plan to launch
more models to gain market share. The demand scenario for two-wheeler companies is also looking
optimistic as customers are presented with cheaper options. The market will also focus on earnings
of companies in the automobile sector next week. Cues from the broader equity market are also
unlikely to aid the sector. Benchmark equity indices are expected to track global markets, which
have been under pressure because of trade wars and geopolitical tensions in West Asia.

Source : Cogencis Information Services Ltd.

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