Auto Stocks Outlook For The Week – 11 To 15.12.2017
The stocks of most automobile companies are expected to trade within a narrow range next week while stocks of Maruti Suzuki India and TVS Motor Co are expected to rise more. Maruti Suzuki
became the sixth largest Indian company by virtue of market capitalisation yesterday. The New Delhi-based company replaced State Bank of India Ltd at the sixth spot last day, a day after overtaking Housing Development Finance Corp at the seventh place. Maruti Suzuki's market capitalisation was 2.74 trln rupees, and that of SBI was 2.71 trln rupees. The company's stock
price has hit a record high of 9,119 rupees. The company continues to be a top pick among the back of its market leadership position with 44% share in passenger vehicles, vast dealership network for premium and non-premium cars, popular product portfolio and robust order book. A consistent uptick in sales volume of premium models such as Baleno hatchback and Vitara Brezza compact sport utility
vehicle continues to raise the average selling price for the company and aids a strong positive outlook. Dzire sedan is the latest popular entrant and has witnessed sales of 100,000 units in October within just five months of its launch. We also continue to have a positive outlook on two-wheeler manufacturer TVS Motor Co Ltd, which entered super premium segment in global and domestic markets with the launch of its much-awaited 312cc Apache RR on Wednesday. The bike is available at 205,000 rupees, ex-showroom. TVS Apache RR 310 is the most advanced and exclusive offering
in our product portfolio, as it is a manifestation of 35 years of learning from the race track, coupled with cutting-edge technology," Joint Managing Director Sudarshan Venu was quoted as saying in the company release. Seen stock specific; Next week, will also keep an eye on any outlook from the Society of Indian Automobile Manufacturers, which will detail domestic automobile sales figures for November on Monday. Next week, Nifty Auto index may trade between 11200- 11458 points.
Source : Cogencis Information Services Ltd.
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The stocks of most automobile companies are expected to trade within a narrow range next week while stocks of Maruti Suzuki India and TVS Motor Co are expected to rise more. Maruti Suzuki
became the sixth largest Indian company by virtue of market capitalisation yesterday. The New Delhi-based company replaced State Bank of India Ltd at the sixth spot last day, a day after overtaking Housing Development Finance Corp at the seventh place. Maruti Suzuki's market capitalisation was 2.74 trln rupees, and that of SBI was 2.71 trln rupees. The company's stock
price has hit a record high of 9,119 rupees. The company continues to be a top pick among the back of its market leadership position with 44% share in passenger vehicles, vast dealership network for premium and non-premium cars, popular product portfolio and robust order book. A consistent uptick in sales volume of premium models such as Baleno hatchback and Vitara Brezza compact sport utility
vehicle continues to raise the average selling price for the company and aids a strong positive outlook. Dzire sedan is the latest popular entrant and has witnessed sales of 100,000 units in October within just five months of its launch. We also continue to have a positive outlook on two-wheeler manufacturer TVS Motor Co Ltd, which entered super premium segment in global and domestic markets with the launch of its much-awaited 312cc Apache RR on Wednesday. The bike is available at 205,000 rupees, ex-showroom. TVS Apache RR 310 is the most advanced and exclusive offering
in our product portfolio, as it is a manifestation of 35 years of learning from the race track, coupled with cutting-edge technology," Joint Managing Director Sudarshan Venu was quoted as saying in the company release. Seen stock specific; Next week, will also keep an eye on any outlook from the Society of Indian Automobile Manufacturers, which will detail domestic automobile sales figures for November on Monday. Next week, Nifty Auto index may trade between 11200- 11458 points.
Source : Cogencis Information Services Ltd.
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