Auto stocks
outlook for the week – 24 to 28.11.2014
( www.rupeedesk.in )
Stocks of leading automakers are
seen rising further next week on the back of good vehicle sales
momentum seen over the past few
months. Automobile shares are expected to continue rallying
in anticipation of a rate cut by
the Reserve Bank of India.
Key segments of the domestic
automobile industry such as passenger cars, medium and heavy
commercial vehicles and two
wheelers have seen a rise in demand, particularly since the start of
the ongoing financial year.
The near-term outlook for
automobile shares is positive, Hero MotoCorp's shares are seen
gaining much ground from current
levels in the near term as the company is increasing scooter manufacturing capacity and is setting up
manufacturing units both in India and abroad. Exports for the company are seen
rising substantially from the current 2-3% levels.
