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Next week, stocks of major automobile manufacturers are expected to move in line with expectation of their respective Oct-Dec financial results and January sales numbers. Maruti Suzuki India Ltd and Hero Motocorp Ltd will declare their earnings
for the quarter ending December on Tuesday and Thursday, respectively. By the end of the week, the expectations of January sales numbers will seep in.
Maruti Suzuki is likely to post a net profit of 6.64 bln rupees, up 33% on year aided by higher realisation on vehicle sales due to a price hike of around 1% in October. Maruti Suzuki in June announced the merger of its subsidiary Suzuki Powertrain with itself. Yesterday media reported that Maruti Suzuki plans to launch its the Celerio hatchback on Feb 6 at the Auto Expo. It is likely to trade with a positive bias.
Hero MotoCorp, the country's largest two-wheeler manufacturer, is seen reporting a 21% on-year rise in its Oct-Dec net profit to 5.90 bln rupees, aided by higher vehicle sales in the festivals season. The stock is also likely to trade with a positive bias.
Tata Motors Ltd's counter continues to be driven by the performance of its subsidiary Jaguar Land Rover, which sold a record 425,000 car globally during 2013, thereby providing a balm to the poor standalone domestic performance of the parent company. Actual despatch figures will be out by the end of the week, so we expect stocks to move in anticipation of the numbers.
Tata Motors' sales for January are expected to be along its performance in the past few quarters--poor in the domestic market, good in the in the international market on the back of its subsidiary Jaguar Land Rover. JLR contributes a lion's share to the company's revenues. This month, the US-based subsidiary's sales numbers are expected to be flat. For Mahindra and Mahindra Ltd, the volumes are likely to dip overall year-on-year. The tractors sales numbers, being an exception, are seen moving up on year.
Next week, stocks of major automobile manufacturers are expected to move in line with expectation of their respective Oct-Dec financial results and January sales numbers. Maruti Suzuki India Ltd and Hero Motocorp Ltd will declare their earnings
for the quarter ending December on Tuesday and Thursday, respectively. By the end of the week, the expectations of January sales numbers will seep in.
Maruti Suzuki is likely to post a net profit of 6.64 bln rupees, up 33% on year aided by higher realisation on vehicle sales due to a price hike of around 1% in October. Maruti Suzuki in June announced the merger of its subsidiary Suzuki Powertrain with itself. Yesterday media reported that Maruti Suzuki plans to launch its the Celerio hatchback on Feb 6 at the Auto Expo. It is likely to trade with a positive bias.
Hero MotoCorp, the country's largest two-wheeler manufacturer, is seen reporting a 21% on-year rise in its Oct-Dec net profit to 5.90 bln rupees, aided by higher vehicle sales in the festivals season. The stock is also likely to trade with a positive bias.
Tata Motors Ltd's counter continues to be driven by the performance of its subsidiary Jaguar Land Rover, which sold a record 425,000 car globally during 2013, thereby providing a balm to the poor standalone domestic performance of the parent company. Actual despatch figures will be out by the end of the week, so we expect stocks to move in anticipation of the numbers.
Tata Motors' sales for January are expected to be along its performance in the past few quarters--poor in the domestic market, good in the in the international market on the back of its subsidiary Jaguar Land Rover. JLR contributes a lion's share to the company's revenues. This month, the US-based subsidiary's sales numbers are expected to be flat. For Mahindra and Mahindra Ltd, the volumes are likely to dip overall year-on-year. The tractors sales numbers, being an exception, are seen moving up on year.
