Auto Stocks Outlook For The Week - 05 To 09.11.2018
Shares of most two-wheeler manufacturers are expected to rise next week as their sales volumes are expected to rise through Diwali and most of November. Two-wheeler companies reported strong sales numbers for October, while companies making passenger cars saw subdued numbers. Shares of most passenger vehicle companies are expected to consolidate around current levels until further guidance from them. Shares of makers of commercial vehicles are also expected to move sideways next week due to profit booking, having risen this week. he week ahead will be truncated due to holidays on Wednesday and Thursday for Diwali. Receding concerns about the impact of the trade war between the US and China will also bode well for metals. Shares of automobile component companies will be in focus as they are expected to announce their earnings next week.
Source : Cogencis Information Services Ltd.
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Shares of most two-wheeler manufacturers are expected to rise next week as their sales volumes are expected to rise through Diwali and most of November. Two-wheeler companies reported strong sales numbers for October, while companies making passenger cars saw subdued numbers. Shares of most passenger vehicle companies are expected to consolidate around current levels until further guidance from them. Shares of makers of commercial vehicles are also expected to move sideways next week due to profit booking, having risen this week. he week ahead will be truncated due to holidays on Wednesday and Thursday for Diwali. Receding concerns about the impact of the trade war between the US and China will also bode well for metals. Shares of automobile component companies will be in focus as they are expected to announce their earnings next week.
Source : Cogencis Information Services Ltd.
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