Auto Stocks Outlook For The Week - 24 To 28.09.2018
Stocks of most automobile companies are likely to rise next week, with sentiment for Maruti Suzuki India Ltd, Tata Motors Ltd and Mahindra & Mahindra Ltd turning positive. We are positive on the stocks of Maruti Suzuki, Hero MotoCorp Ltd and Tata Motors Ltd as the companies are likely to benefit from improvement in rural economy. The two-wheeler segment and budget segment of commercial vehicles are expected to grow in the coming short-to-medium-term as the festive season is round the corner. Nifty Auto may also take cues from domestic benchmark indices, which are likely to gain next week on hope that the government will take necessary steps to boost the economy and arrest a further fall in the rupee against the dollar. However, Eicher Motors Ltd is seen falling further in the short term after the company's stock fell around 5% this week.
Source : Cogencis Information Services Ltd.
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Stocks of most automobile companies are likely to rise next week, with sentiment for Maruti Suzuki India Ltd, Tata Motors Ltd and Mahindra & Mahindra Ltd turning positive. We are positive on the stocks of Maruti Suzuki, Hero MotoCorp Ltd and Tata Motors Ltd as the companies are likely to benefit from improvement in rural economy. The two-wheeler segment and budget segment of commercial vehicles are expected to grow in the coming short-to-medium-term as the festive season is round the corner. Nifty Auto may also take cues from domestic benchmark indices, which are likely to gain next week on hope that the government will take necessary steps to boost the economy and arrest a further fall in the rupee against the dollar. However, Eicher Motors Ltd is seen falling further in the short term after the company's stock fell around 5% this week.
Source : Cogencis Information Services Ltd.
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