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Stocks of major automakers are seen trading in line with the broader market next week, while Hero Motorcorp Ltd's scrip is expected to be positive as the company is seen posting robust earnings for the September quarter. If overall market is positive, they (the auto sector shares) will also be positive. Hero Motorcorp is scheduled to detail its Jul-Sep earnings on Oct 23, while Maruti Suzuki India Ltd will report its earnings on Oct 28.
The movement of auto stocks are (is) going to be driven by results. This week we have Hero Motorcorp. There are no other announcements to trigger the movement of stocks in the near future. Hero MotoCorp (Ltd) looks very positive for the coming week as good numbers are expected from the company.
The prolonged slowdown in automobile sales has already been factored in the stocks' current value and the market awaits automakers' earnings for direction. Tata Motors (Ltd) has already moved quite a lot so we are not expecting anything much. Maruti Suzuki India Ltd also looks positive for the week, thanks to demand for cars during the festivals season. Maruti stock also depends on the rupee movement. The moment rupee appreciates that will be positive for them.
Stocks of major automakers are seen trading in line with the broader market next week, while Hero Motorcorp Ltd's scrip is expected to be positive as the company is seen posting robust earnings for the September quarter. If overall market is positive, they (the auto sector shares) will also be positive. Hero Motorcorp is scheduled to detail its Jul-Sep earnings on Oct 23, while Maruti Suzuki India Ltd will report its earnings on Oct 28.
The movement of auto stocks are (is) going to be driven by results. This week we have Hero Motorcorp. There are no other announcements to trigger the movement of stocks in the near future. Hero MotoCorp (Ltd) looks very positive for the coming week as good numbers are expected from the company.
The prolonged slowdown in automobile sales has already been factored in the stocks' current value and the market awaits automakers' earnings for direction. Tata Motors (Ltd) has already moved quite a lot so we are not expecting anything much. Maruti Suzuki India Ltd also looks positive for the week, thanks to demand for cars during the festivals season. Maruti stock also depends on the rupee movement. The moment rupee appreciates that will be positive for them.
