Auto Stocks Outlook for the week - 13 to 17.02.2017
Auto Stocks Outlook for the week - 13 to 17.02.2017
( www.rupeedesk.in )
Stocks of most automobile companies are seen trading in a thin range next week, with the Bajaj Auto Ltd stock likely to be in focus. Bajaj Auto reported better-than-expected earnings, but the actual impact is still awaited in the stock India's largest motorcycle maker Hero MotoCorp Ltd is looking good on the charts in the long run as the company's Oct-Dec earnings beat estimate. Hero MotoCorp's operating performance was consensus. Going forward, its management is optimistic of recovery and has raised prices in January to offset the hike in input costs. TVS Motor Co Ltd is another two-wheeler maker that has received a bullish outlook on a long-term basis. This company has outpaced the two-wheeler sector with a 4% year-on-year growth in Oct-Dec. New launches, stronger volumes and BMW tie-up will further aid the company's profile in the long run. With a budgetary allocation of 1.87 trln rupees for the rural, agriculture, and allied sectors, investors are also bullish on companies that have a large presence in these areas such as Mahindra & Mahindra Ltd and Escorts Ltd. Commercial vehicle manufacturers, which were severely hit due to demonetisation, will also benefit from the 3.96-trln-rupee budgetary plan for the infrastructure sector.
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Auto Stocks Outlook for the week - 13 to 17.02.2017
( www.rupeedesk.in )
Stocks of most automobile companies are seen trading in a thin range next week, with the Bajaj Auto Ltd stock likely to be in focus. Bajaj Auto reported better-than-expected earnings, but the actual impact is still awaited in the stock India's largest motorcycle maker Hero MotoCorp Ltd is looking good on the charts in the long run as the company's Oct-Dec earnings beat estimate. Hero MotoCorp's operating performance was consensus. Going forward, its management is optimistic of recovery and has raised prices in January to offset the hike in input costs. TVS Motor Co Ltd is another two-wheeler maker that has received a bullish outlook on a long-term basis. This company has outpaced the two-wheeler sector with a 4% year-on-year growth in Oct-Dec. New launches, stronger volumes and BMW tie-up will further aid the company's profile in the long run. With a budgetary allocation of 1.87 trln rupees for the rural, agriculture, and allied sectors, investors are also bullish on companies that have a large presence in these areas such as Mahindra & Mahindra Ltd and Escorts Ltd. Commercial vehicle manufacturers, which were severely hit due to demonetisation, will also benefit from the 3.96-trln-rupee budgetary plan for the infrastructure sector.
