Auto Stocks Outlook For The Week - 30.07.2018 To 03.08.2018
Sales performance for July will largely set the tone for the movement in the stocks of automobile
companies next week. While the demand scenario across segments is positive, a sudden break in
the supply chain due to the ongoing strike by transporters is likely to impact the dispatches.
Investors will also eye the stock of Tata Motors Ltd, which is set to report its Apr-Jun earnings on
Tuesday. The Apr-Jun consolidated net profit is seen falling nearly two-thirds on-year to 10.6 bln
rupees, due to a high base in the year-ago period and higher depreciation costs. Any movement in
benchmark indices on account of the Reserve Bank of India's monetary policy statement on
Wednesday may also impact Nifty Auto. Most economists expect the central bank to raise the repo
rate by 25 basis points.
Source : Cogencis Information Services Ltd.
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Sales performance for July will largely set the tone for the movement in the stocks of automobile
companies next week. While the demand scenario across segments is positive, a sudden break in
the supply chain due to the ongoing strike by transporters is likely to impact the dispatches.
Investors will also eye the stock of Tata Motors Ltd, which is set to report its Apr-Jun earnings on
Tuesday. The Apr-Jun consolidated net profit is seen falling nearly two-thirds on-year to 10.6 bln
rupees, due to a high base in the year-ago period and higher depreciation costs. Any movement in
benchmark indices on account of the Reserve Bank of India's monetary policy statement on
Wednesday may also impact Nifty Auto. Most economists expect the central bank to raise the repo
rate by 25 basis points.
Source : Cogencis Information Services Ltd.
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