Auto Stocks Outlook for the week – 09 to 13.Jun.2014
(www.rupeedesk.in)
(www.rupeedesk.in)
Stocks of major automakers are
likely to trade in line with broader markets next week.
Auto stocks have been moving in
line with broader markets over the past week, and this
movement is likely to continue
next week, as there are no specific triggers on the horizon.
Despite being rate sensitive,
automobile stocks move in line with broader markets and
have maintained this traditional
trajectory of movement. In the near term, the market will
keep an eye on the Union Budget
for 2014-15 (Apr-Mar), likely to be presented in July.
Automobile manufacturers will
hope the government to continue with the excise duty
cuts introduced in the interim
budget.
