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Auto Stocks Outlook For The Week - 18.06.2018 To 22.06.2018

Auto Stocks Outlook For The Week - 18.06.2018 To 22.06.2018

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             Equity Cash/Futures/Options Segment 
Shares of automobile companies are likely to rise next week amid positive sentiment for heavyweight stocks such as Maruti Suzuki India Ltd and Tata Motors Ltd. The Nifty Auto index may also take cues from domestic benchmark indices, which are expected to rise, led by gains in information technology companies, after Tata Consultancy Services Ltd fixed its share buyback price at an over 15% premium to the market price. The Eicher Motors Ltd and Hero MotoCorp Ltd as demand outlook for the former's Royal Enfield motorcycle remains positive. Hero Moto Corp's expectation of double-digit growth in demand during the current fiscal started Apr 1 is supporting its stock. Bullishness in the sector is also supported by positive outlook on Mahindra & Mahindra Ltd as its tractor segment is likely to perform well due to forecast of a normal monsoon this year.

Source : Cogencis Information Services Ltd.

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