Auto Stocks Outlook for the week - 23 to 27.06.2014
(www.rupeedesk.in)
(www.rupeedesk.in)
Stock of major automobile manufacturers are seen rising in
the week ahead as the market
sentiment remains positive and broader indices are expected
to gain. Over the past few
weeks, stocks of automobile companies witnessed an upward
rally as the consumer
sentiment in the passenger car and two-wheelers markets has
improved and consumers
have started making purchases.
Stocks of automobile companies corrected just a little over
the past week, with the BSE's
automobile index falling 2.1%. But this fall is expected to
be arrested next week as the
growth spiral will continue to drive broader markets. Stocks
of Bajaj Auto are expected
to show a marked gain next week as the surface transport
ministry is expected to come
out with regulations for quadricycles. Bajaj Auto's Managing
Director Rajiv Bajaj has
said the company plans to launch quadricycles in India
during October and exports will
follow soon.
