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Movement in shares of major auto companies will be stock-specific next week ahead of Oct-Dec quarterly results and are mostly expected to be range bound, as investors are seen refraining from taking large positions. The outlook for the auto companies' December quarter results will mostly drive the auto stocks.Companies will start declaring their financial results for the Oct-Dec from next week. It is going to be a mixed bag. It is somewhat stock specific for next week. Bajaj Auto Ltd is likely to announce its December quarter results on Thursday. The stock is likely to be range bound with a negative bias, highlighting that Bajaj Auto is likely to post 3-4% onyear growth in bottomline which is not very impressive if compared with Hero MotoCorp Ltd, which is expected to post a 20% growth. On a quarter-on-quarter basis, the company will see a decline in its margins because of volumes. The high-margin three-wheelers segment of Bajaj saw reduction in volumes during the quarter. Hero MotoCorp is likely to post numbers better than its peers. Tata Motors Ltd's subsidiary Jaguar Land Rover is expected to declare global sales numbers for December on Wednesday. The scrip of the company is seen trading with a positive bias in anticipation of high sales number. JLR has been the driving factor in Tata Motors' sales and earnings, on the back of which it has been performing decently. JLR (December numbers) should be good on the back of its Range Rover Sport variant. I am expecting around 38,000-39,000 vehicles sold globally. CRISIL yesterday raised Tata Motors' long-term bank facility rating to AA/stable, which might factor-in on Monday and the stock is likely to be positive on the news.
Movement in shares of major auto companies will be stock-specific next week ahead of Oct-Dec quarterly results and are mostly expected to be range bound, as investors are seen refraining from taking large positions. The outlook for the auto companies' December quarter results will mostly drive the auto stocks.Companies will start declaring their financial results for the Oct-Dec from next week. It is going to be a mixed bag. It is somewhat stock specific for next week. Bajaj Auto Ltd is likely to announce its December quarter results on Thursday. The stock is likely to be range bound with a negative bias, highlighting that Bajaj Auto is likely to post 3-4% onyear growth in bottomline which is not very impressive if compared with Hero MotoCorp Ltd, which is expected to post a 20% growth. On a quarter-on-quarter basis, the company will see a decline in its margins because of volumes. The high-margin three-wheelers segment of Bajaj saw reduction in volumes during the quarter. Hero MotoCorp is likely to post numbers better than its peers. Tata Motors Ltd's subsidiary Jaguar Land Rover is expected to declare global sales numbers for December on Wednesday. The scrip of the company is seen trading with a positive bias in anticipation of high sales number. JLR has been the driving factor in Tata Motors' sales and earnings, on the back of which it has been performing decently. JLR (December numbers) should be good on the back of its Range Rover Sport variant. I am expecting around 38,000-39,000 vehicles sold globally. CRISIL yesterday raised Tata Motors' long-term bank facility rating to AA/stable, which might factor-in on Monday and the stock is likely to be positive on the news.
