Auto Stocks Outlook For The Week - 12 To 16.11.2018
Shares of automobile companies are seen trading on a mixed note next week. Stocks of Mahindra & Mahindra Ltd are expected to rise, while those of Tata Motors Ltd are likely to decline. Investors seem positive on Mahindra & Mahindra as the automobile maker will launch its compact sport utility vehicle next week and reports have surfaced that the company is also looking to launch an electric vehicle. M&M has signed five memorandums of understanding with Ford to strengthen their strategic alliance to develop products for India and other emerging markets. On other hand, we continue to see a sustained weakness in Tata Motors due to a subdued outlook for subsidiary Jaguar Land Rover in 2018-19 (Apr-Mar).
Source : Cogencis Information Services Ltd.
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Shares of automobile companies are seen trading on a mixed note next week. Stocks of Mahindra & Mahindra Ltd are expected to rise, while those of Tata Motors Ltd are likely to decline. Investors seem positive on Mahindra & Mahindra as the automobile maker will launch its compact sport utility vehicle next week and reports have surfaced that the company is also looking to launch an electric vehicle. M&M has signed five memorandums of understanding with Ford to strengthen their strategic alliance to develop products for India and other emerging markets. On other hand, we continue to see a sustained weakness in Tata Motors due to a subdued outlook for subsidiary Jaguar Land Rover in 2018-19 (Apr-Mar).
Source : Cogencis Information Services Ltd.
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