Auto
Stocks Outlook for the week – 01 to 05.09.2014
( www.rupeedesk.in )
Stocks of automobile
companies will takes cues from sales numbers for August, which
will be announced
today.
Some major categories
of vehicles such as passenger cars and two-wheelers have been
registering strong
sales over the past few months, as consumer sentiment has improved.
Therefore, stocks of
manufacturers belonging to these categories are expected to continue
gaining value.
Over the past few
weeks, the BSE automotive index has been outperforming broader
markets, led by
heavyweights such as Tata Motors and Maruti Suzuki.
The demand scenario
for manufacturers of light commercial vehicles is also expected to
improve, even as
medium and heavy commercial vehicle sales lag for a longer period of
time.
In view of this,
stocks of major light commercial vehicle manufacturers such as Bajaj Auto, Ashok Leyland
and Tata Motors are expected to remain strong.
