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Stocks of major automobile manufacturers are expected to trade in line with expectations of their respective Oct-Dec financial results next week. There are not many triggers in the market for the auto industry. Launches during the Auto Expo will have an impact, but that will come Later won't have any effect on stocks next week. Among automakers, Ashok Leyland Ltd is scheduled to detail its earnings on Tuesday. The company is expected to post a net loss with realisations remaining under pressure, according to analysts, who added that the stock would trade with a negative bias. Maruti Suzuki India Ltd, the country's largest carmaker, will detail its own set of numbers on Jan 28, the anticipation of which would guide the stock next week. The company, on a standalone basis, is expected to report a net profit of 6.64 bln rupees during the Oct-Dec quarter, up 33% on year. Net sales for Maruti Suzuki are seen at 108.62 bln rupees, down by a marginal 1% on year, as per the average of estimates. The stock of the automaker is seen trading with a positive bias on the expected rise in net profit. The margins are going to be high this time around on the merger of SPIL (Suzuki Powertrain India Ltd) this year, and so a YoY (year-on-year) comparison is not an accurate way of measuring their performance this time. Maruti Suzuki in June announced the merger of its subsidiary Suzuki Powertrain with itself. Tata Motors Ltd's counter continues to be driven by the performance of its subsidiary Jaguar Land Rover. The twin subsidiaries of Jaguar and Land Rover together sold a record 425,000 car globally during 2013, thereby providing a balm to the poor standalone domestic performance of the parent company. Within the two-wheeler space, Bajaj Auto Ltd Thursday beat analysts' estimates to record a 10.5% on-year rise in net profit for the latest quarter at 9.04 bln rupees, aided by a robust operating profit margin, which stemmed from a sharp increase in revenue from exports. Bajaj Auto's counter reacted positively to the announcement, and is expected to continue to fare the same way throughout the coming week. Rival and market leader, Hero MotoCorp Ltd, is scheduled to detail its results on Jan 30. The company is expected to post a net profit of 5.85 bln rupees, up 20% on year, with net sales being 67.11 bln rupees, up 9% on year. Hero MotoCorp's counter will trade with a minor positive bias during the week.
Stocks of major automobile manufacturers are expected to trade in line with expectations of their respective Oct-Dec financial results next week. There are not many triggers in the market for the auto industry. Launches during the Auto Expo will have an impact, but that will come Later won't have any effect on stocks next week. Among automakers, Ashok Leyland Ltd is scheduled to detail its earnings on Tuesday. The company is expected to post a net loss with realisations remaining under pressure, according to analysts, who added that the stock would trade with a negative bias. Maruti Suzuki India Ltd, the country's largest carmaker, will detail its own set of numbers on Jan 28, the anticipation of which would guide the stock next week. The company, on a standalone basis, is expected to report a net profit of 6.64 bln rupees during the Oct-Dec quarter, up 33% on year. Net sales for Maruti Suzuki are seen at 108.62 bln rupees, down by a marginal 1% on year, as per the average of estimates. The stock of the automaker is seen trading with a positive bias on the expected rise in net profit. The margins are going to be high this time around on the merger of SPIL (Suzuki Powertrain India Ltd) this year, and so a YoY (year-on-year) comparison is not an accurate way of measuring their performance this time. Maruti Suzuki in June announced the merger of its subsidiary Suzuki Powertrain with itself. Tata Motors Ltd's counter continues to be driven by the performance of its subsidiary Jaguar Land Rover. The twin subsidiaries of Jaguar and Land Rover together sold a record 425,000 car globally during 2013, thereby providing a balm to the poor standalone domestic performance of the parent company. Within the two-wheeler space, Bajaj Auto Ltd Thursday beat analysts' estimates to record a 10.5% on-year rise in net profit for the latest quarter at 9.04 bln rupees, aided by a robust operating profit margin, which stemmed from a sharp increase in revenue from exports. Bajaj Auto's counter reacted positively to the announcement, and is expected to continue to fare the same way throughout the coming week. Rival and market leader, Hero MotoCorp Ltd, is scheduled to detail its results on Jan 30. The company is expected to post a net profit of 5.85 bln rupees, up 20% on year, with net sales being 67.11 bln rupees, up 9% on year. Hero MotoCorp's counter will trade with a minor positive bias during the week.
