Auto Stocks Outlook for the week – 15 to 18.11.2016

Auto Stocks Outlook for the week – 15 to 18.11.2016

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Stocks of major automobile companies are likely to fall further next week, with little chance of a

pullback, as the bias remains negative, in line with the broader indices.

In the longer term, however, the outlook for the sector remains positive because the

implementation of the Seventh Pay Commission's recommendations and good monsoon rains this

year continue to keep the demand outlook robust.

On Monday, the markets will be closed on account of Guru Nanak Jayanti. In October, overall sales of passenger vehicles in the domestic market rose to 280,677 units, the highest since March 2012 and

up 4.5% on year.

The CNX Auto index, which ended down 5.7% on week at 9308.30 points on Friday, might fall

further over the next few sessions. Initial support for the index is seen at 9150 levels and if it

breaches that level, strong support is seen at 9050. Resistance for the index is seen at 9666-9725

levels.

Maruti Suzuki India Ltd, which has been trading in overbought category for the past few weeks,

looks weak on the charts and is likely to see further correction. Another one expect Mahindra &

Mahindra Ltd consolidating at current levels, as the stock has been underperforming its peers over

the last few months.

Auto Stocks Outlook for the week – 17 to 21.10.2016

Auto Stocks Outlook for the week – 17 to 21.10.2016

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Stocks of major automobile companies are seen trading in a narrow range next week, with

the possibility of some correction, as most of the stocks have performed well in the past few

weeks. However, the bias for the consumer discretionary sector remains positive due to

robust demand expected during the festival season.

Expectations of stellar sales in October, following robust growth in September, are set to

drive automobile stocks in the coming week. In September, overall sales of passenger

vehicles in the domestic market rose 19.92% on year to 278,428 units, the highest since

March 2012, when sales were at 295,403 units.

The CNX Auto index, which ended down 1.17% on week at 10223.45 points on Friday, might

see some correction over the next few sessions, though the bias remains positive.

Immediate support for the index is seen at 10000 points, but the interim bias may turn

negative if it breaches the strong support level of 9800 points. Resistance for the index is

seen at 10450-10500 points. The longer-term outlook for the stock, however, remains

positive, backed by strong fundamentals and a good order book.

Auto Stocks Outlook for the week – 19 to 23.09.2016 Seen range bound on concern over Fed rate hike

Auto Stocks Outlook for the week – 19 to 23.09.2016

Seen range bound on concern over Fed rate hike

( www.rupeedesk.in )

Stocks of major automobile companies are seen trading in a narrow range next week, with some

possibility of a correction as the market is yet to allay the concerns of a hike in interest rate by the

US Federal Reserve later this month. Overall, however, bias for the sector remains positive. Pay out

of arrears relating to the salary hike of government employees and good monsoon rains are seen

lifting demand during Sep-Oct. Last week, the Society of Indian Automobiles Manufactures revised

upward its projection for growth in sales of passenger vehicles in 2016-17 (Apr-Mar) to double digit,

from 7-8% seen at the beginning of the year.

The CNX Auto index, which ended down 1.8% on week at 10117.95 points yesterday, is seen trading

sideways, in line with broader indices over the next few sessions. Stocks of Maruti Suzuki India Ltd

are seen "overbought" but positive on the charts for next week, backed by strong fundamentals and

a good order book. Analysts are also bullish on Tata Motors Ltd in the long term but expect some

pull-back in the stock. Among two-wheeler companies, Hero MotoCorp Ltd is seen consolidating at

current levels and analysts expect some pull-back in the scrip. Stocks of Bajaj Auto Ltd and Mahindra & Mahindra Ltd are seen trading in a narrow range next week.

Auto Stocks Outlook for the week – 06 to 09.09.2016 Bias positive as rains, salary hike drive sales

Auto Stocks Outlook for the week – 06 to 09.09.2016

Bias positive as rains, salary hike drive sales

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Stocks of major automobile companies are seen moving with an overall positive bias in the near term

due to robust monthly sales that are seen improving further. Sales of most automakers rose in

August. Payout of arrears of government salary hike and good monsoon rains are also seen lifting

demand during the upcoming festive season. The CNX Auto Index, which closed 5.4% higher on

week at 10052.95 points yesterday, may remain range-bound in the next few sessions. Last month,

the government had approved recommendations of the Seventh Central Pay Commission with

retrospective effect from Jan 1, 2016.

The government will have to fork out in excess of 340 bln rupees on account of arrears for January

to July and salary payments for August. Shares of Maruti Suzuki are seen "overbought" but looking

positive for next week, backed by strong fundamentals and a good order book for its Baleno

hatchback and Vitara Brezza sports utility vehicles. Stocks of M&M are also seen continuing its

positive run next week.

Auto Stocks Outlook for the week – 29.08.2016 to 02.09.2016 (Seen range bound with overall positive bias)

Auto Stocks Outlook for the week – 29.08.2016 to 02.09.2016

(Seen range bound with overall positive bias)

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Stocks of major mobile companies are seen trading in a range next week with an overall

positive bias for the near term, aided by expectations of a healthy post-monsoon

demand and Payout of arrears based on the recommendations of the Seventh Pay

Commission is also seen lifting demand.

The CNX Index, which closed 0.7% higher at 9538.40 points yesterday, may remain

range bound in the next few sessions, finding resistance at 9800.00 levels and Support

for the index is seen at 9350.00 levels.

Last month, the government had approved recommendations of the Seventh Central

Pay Commission with retrospective effect from Jan 1, 2016. According to a report by

India Ratings and Research, the government will have to fork out in excess of 340 bln

rupees on account of arrears for January to July and salary payments for August.

Stocks of Maruti Suzuki are seen consolidating next week, backed by strong

fundamentals and a good order book for its Baleno hatchback and Vitara Brezza sports

utility vehicles. Besides, stocks of most two-wheeler makers are seen consolidating

with a upward bias, mainly due to expectations of an increase in the rural demand and a

turnaround in sales.

Auto Stocks Outlook for the week – 08 to 12.08.2016 To take cues from Jul sales data, companies' earnings

Auto Stocks Outlook for the week – 08 to 12.08.2016

To take cues from Jul sales data, companies' earnings

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Stocks of major automobile companies are seen taking cues from earnings for the Apr-Jun quarter,

scheduled to be announced next week. The bias for auto stocks remains positive in view of healthy

sales numbers and expectations of a turnaround in demand driven by a good monsoon so far this

season. The CNX Auto Index, which closed at 9738.65 points yesterday, up nearly 3% on a weekly

basis, may test 9900 points soon. Next week, Hero MotoCorp and Mahindra and Mahindra will be in

focus following their earnings announcements. While Hero MotoCorp would detail its earnings on

Monday, Mahindra and Mahindra would announce earnings on Wednesday.

Hero MotoCorp, which closed the week up 7%, may go past 3,500 rupees, driven by bullish earnings.

The company's Apr-Jun net profit is seen rising 12.6% on year to 8.4 bln rupees due to a likely rise in

sales of two-wheeler maker and soft commodity prices. Aided by Hero MotoCorp, the market is seen

likely to be bullish on stocks of other two-wheeler makers, considering an expected turnaround in

rural demand. The Mumbai-based automaker's bottom line is at 8.8 bln rupees for Apr-Jun,

marginally higher than 8.5 bln rupees in the same quarter a year ago.

Auto Stocks Outlook for the week -01 to 05.08.2016 (To take cues from July sales data, companies earnings)

Auto Stocks Outlook for the week -01 to 05.08.2016

(To take cues from July sales data, companies earnings)

 ( www.rupeedesk.in )

Next week, automobile stocks are expected to take cues from sales data for July, expected to be

announced on Monday. The bias for most auto stocks remains positive on account of the steady

progress of the monsoon, as well as hope of a revival in demand in rural regions.

The CNX Auto Index, which closed up nearly 2% this week, is likely to cross the 9500-point mark and may well test 9650 points, given the encouraging earnings announced by Maruti Suzuki and Eicher Motors. Maruti Suzuki is expected to record further gains, even as the company ramps up production to make up for the shortfall in June, which resulted from a maintenance-related plant shutdown. The company's shares, which gained as much as 8% this week, will see brisk trading, given that most brokerage houses have raised the target price on the stock.

Shares of the country's largest passenger carmaker by volumes may test 5,000 rupees in the coming

weeks, if it manages to break past the crucial resistance point of 4,850 rupees. Maruti Suzuki is

improving its competitive positioning and has long-term strengths. Maruti Suzuki's strong product

portfolio and distribution network makes it best placed to capture pent-up demand in the passenger

vehicles segment. We ascribe a 'buy' recommendation on the stock, with a target price of 5,095 rupees.

Besides, the market will also be bullish on stocks of two-wheeler makers, considering an expected

turnaround in rural demand. Hero MotoCorp, which fell 1.8% this week, may see an upswing,

assuming the company's sales numbers for July are in line with expectations. Mahindra & Mahindra

has been trading within a range of 1,400-1,490 rupees, and will see resistance at the higher end of this

band.

Auto Stocks Outlook for the week – 25 to 29.07.2016 (To take cues from company earnings next week)

Auto Stocks Outlook for the week – 25 to 29.07.2016

(To take cues from company earnings next week)

  ( www.rupeedesk.in )

Automotive stocks are expected to take cues from earnings of Maruti Suzuki India Ltd, Bajaj Auto Ltd and Eicher Motors Ltd, slated to be announced on Tuesday, Wednesday and Thursday, respectively. Largely, the bias for auto stocks remains positive, given an upswing in sales in the past quarter, on account of good rains.

The CNX Auto Index, which closed flat this week may well test 9500 points if auto majors are able to meet market expectations on their earnings,

Maruti Suzuki is expected to report a muted quarter on account of below par sales given the plant

shutdown for maintenance in the beginning of June. The New Delhi-based passenger car maker is seen reporting a rise of nearly 3% in its bottomline during the Apr-Jun quarter.

Nevertheless, the long-term outlook of the Maruti Suzuki remains positive given the company's strong product pedigree, a healthy order pipeline, and strong fundamentals. Currently, the company has a nine-month waiting period for the Baleno hatchback and a seven month for Vitara Brezza sports

utility vehicle.

Auto Stocks Outlook for the week – 18 to 22.07.2016 (Bias positive on good rains, pay panel awards)

Auto Stocks Outlook for the week – 18 to 22.07.2016

(Bias positive on good rains, pay panel awards)

 ( www.rupeedesk.in )

Next week, shares of major automobile companies are seen extending this week's gains, aided by a

good monsoon and expectations of a rise in demand following the implementation of the Seventh Pay

Commission's proposals

The CNX Auto index will remain well above the 9000-point mark, reached this week, with resistance

seen at 9400 level. Support for the index is seen at 9050 points, they added. Maruti Suzuki remains

the pick of the auto stocks, given the company's strong product pedigree, a healthy order pipeline, and

strong fundamentals. Currently, the company has a six-month waiting period for the Baleno 

hatchback and a seven-month one for its Vitara Brezza sports utility vehicle.

Auto Stocks Outlook for the week – 11 to 15.07.2016

Auto Stocks Outlook for the week – 11 to 15.07.2016

(Bias positive on good monsoon; sales data eyed)

( www.rupeedesk.in )

Stocks of major automobile companies are seen trading in a range with a positive bias aided by

indications of an above-average monsoon this year. The market will also appraise June sales data, to

be announced by the Society of Indian Automobile Manufacturers on Monday.

The CNX Auto Index, which closed marginally lower this week, may well test the 9000-point mark if

it manages to break the crucial resistance of 8900 Points. Maruti Suzuki, which is viewed positively

due to the strong fundamentals of an ever-popular product portfolio and strong order book driven by

its Vitara Brezza and Baleno cars.

Auto Stocks Outlook for the week -04 to 08.07.2016 (Bias positive; sales data, monsoon progress key)

Auto Stocks Outlook for the week -04 to 08.07.2016

(Bias positive; sales data, monsoon progress key)

 ( www.rupeedesk.in )

The stock of major automobile companies are expected to trade with a positive bias next week, taking cues from sales data for June, optimism over the progress of the monsoon, and hope of above-average rains this season. The CNX Auto index may test the 9000-point mark, but is unlikely to exceed it, adding that the index was likely to hover around 8950 points.

While Maruti Suzuki India Ltd, Eicher Motors Ltd, and Ashok Leyland Ltd announced their sales numbers during market hours yesterday, Tata Motors Ltd and Hero MotoCorp Ltd announced their

numbers after market close. Bajaj Auto Ltd will announce its June numbers on Monday Hero MotoCorp's sales for June were flat at 549,533 units. Not withstanding the tepid numbers, the

company is optimistic on sales, stating in its release that the implementation of the Seventh Pay Commission's recommendations and a good monsoon are likely to spur growth.

Auto Stocks Outlook for the week – 27.06.2016 to 01.07.2016, To track broader market; Brexit pressures loom

Auto Stocks Outlook for the week – 27.06.2016 to 01.07.2016, To track broader market; Brexit pressures loom

 ( www.rupeedesk.in )

Stocks of major automobile companies are seen moving in line with the broader market, with a

negative bias, based on expectations of continued selling pressure due to foreign institutional

investors pulling out funds. The markets will keep an eye on the fallout of the UK's exit from the

European Union, even as more countries begin demands for such referendums, adding that the CNX

Auto Index may find it tough to remain above the 8500-point mark for much longer. The index,

which closed down 0.1% yesterday on a weekly basis, shed almost 3% in yesterday's trade, erasing

the week's gains.

What's more, the markets would also see added volatility on account of the expiry of the June series

expiry on Thursday. Yesterday, Tata Motors led losses across auto majors, falling nearly 8% in

intraday trade after the UK voted in favour of a 'Brexit'. The company's shares may continue to see

selling pressure on weakness in European markets, traditionally a stronghold for its subsidiary Jaguar

Land Rover.

Maruti Suzuki is facing its own battles, as with the strengthening of the US dollar, raw material

exports will become more expensive. The company's stock, which fell nearly 1% on a weekly basis.

Bajaj Auto, Hero MotoCorp, and Mahindra and Mahindra shares, which defied the larger trend this

week, closing marginally higher, may continue to take their cues from the advance of the southwest

monsoon, which made rapid strides this week. All three companies are heavily dependant on the

monsoon, as a major portion of their sales come from rural India, which has been in the grip of a

slowdown following two consecutive years of drought. Auto companies' stocks would also track sales numbers for June, data for which is to be announced on Friday.

Auto Stocks Outlook for the week – 11 to 15.04.2016 (To take cues from broader market; bias positive)

Auto Stocks Outlook for the week – 11 to 15.04.2016

(To take cues from broader market; bias positive)

 ( www.rupeedesk.in )

Shares of automobile companies are expected to take cues from the broader market, and

will show a positive bias. The Auto Index, which closed down nearly 3% from a week

ago, will see some rebound and may reclaim the 8000-point mark in a truncated week,

which will see just three trading sessions.

Markets will remain closed on Thursday and Friday on account of Ambedkar Jayanti

and Ram Navami, respectively. The positivity from the larger automobile market is

unlikely to extend to Maruti Suzuki India Ltd.

The company is seen struggling to establish some control over the fast growing sports

utility vehicle market despite the launch of two SUVs in succession. In a recent report,

Kotak Institutional Equities said the outlook on the carmaker remains positive, even as

the company is seen losing some market share in light of tough competition. The

company commands 52% market share in the passenger car market. This is seen down

to and consolidating at 48% over the next couple of years.

Auto Stocks Outlook for the week – 04 to 08.04.2016 Seen taking cues from RBI policy; rate cut eyed

Auto Stocks Outlook for the week – 04 to 08.04.2016

Seen taking cues from RBI policy; rate cut eyed

 ( www.rupeedesk.in )

Stocks of automobile companies are expected to take their cues from the monetary policy to be

announced on Tuesday, and may remain largely positive if the Reserve Bank of India cuts repo rates

as is being expected. The market is expecting the central bank to cut rates by 25 basis points, but hasn't ruled out a 50-bps cut either. A 25-bps interest rate cut has already been factored in. Overall, we foresee a high likelihood of 25 bps rate cut by RBI in the forthcoming policy review. We do not rule out the possibility of 50 bps cut as well, especially when the US Fed has turned dovish.

The outlook on the carmaker remains positive, even as the Maruti Company is seen losing some

market share in light of tough competition. The company commands 52% market share in the

passenger car market. This is seen coming down to and consolidating at 48% over the next couple of

years. Sentiment on Hero Motocorp remains bullish, as the government begins execution of steps to

bolster the rural economy, which has been hit hard following two consecutive years of drought. Tata

Motors out-performed the auto space, but surprisingly this move wasn't supported by meaningful

longs. Eicher Motors, the newest addition to the Nifty 50 will see another strong week of trading,

especially given that the company crossed 50,000 units sales in March -- a big milestone for the

motorcycle maker.

Auto Stocks Outlook for the week – 21 to 25.03.2016 Auto Index may raise to 8,000; Maruti Suzuki weak

Auto Stocks Outlook for the week – 21 to 25.03.2016

Auto Index may raise to 8,000; Maruti Suzuki weak

 ( www.rupeedesk.in )

Stocks of major automobile companies are seen trading with a positive bias next week. The CNX Auto Index, which yesterday closed 0.6% higher on week at 7767.10 points, is likely to touch the critical 8000-point mark in a truncated week. Markets will remain closed on Thursday and Friday due to Holi and Good Friday. The positive movement in auto stocks is due to an overall positive sentiment in the market and the absence of sector-specific cues.

Passenger car segment market leader Maruti Suzuki India Ltd is still overvalued despite rising from

the lows of 3,200 rupees in the past couple of weeks. The stock continues to witness a short-term

weakness and is likely to see some slide this week as well. Despite the short-term weakness, the

company's fundamentals remain strong. It is seen reporting a double-digit growth in terms of units sold for 2015-16 (Apr-Mar) despite a high base, primarily on account of strong product portfolio.

The company had recently launched its sub-4 metre compact sports utility vehicle Brezza. This car, along with the traditionally strong Swift and Alto hatchbacks and the newly launched Baleno, continues to do brisk business for the country's largest carmaker.

The Stock of Hero motocorp, still looks positive, especially after the launch of its research and

development centre at Jaipur -- a testament to the company's growing in house engineering

capabilities. Stocks of Bajaj Auto are seen trading in a range. Stocks of Tata Motors that have performed well over the past couple of weeks are seen nearing a critical resistance level of 380 rupees, analysts said. If shares go past this level, they are seen rising to 400-rupee level, backed by a strong turnaround in demand for utility vehicles and a healthy pipeline of the company's UK subsidiary Jaguar Land Rover.

Auto Stocks Outlook for the week – 08 to 11.03.2016 Seen remain positive next week

Auto Stocks Outlook for the week – 08 to 11.03.2016

( www.rupeedesk.in )

Sentiment for stocks of major auto companies is likely to remain positive next week,

despite Budget setbacks, after most of them posted better-than-expected production

and sales numbers for February. While sales of medium and heavy commercial

vehicles continued growing in double digits in February, two wheelers manufacturers

reported healthy year-on-year growth.

Among Nifty 50 auto companies, sales of majority of vehicle makers rose

in February. Among four-wheeler manufacturers, total sales of Tata Motors rose 6%

on year in February, while Mahindra and Mahindra reported a rise of 16% in volume.

Total sales of India's largest carmaker Maruti Suzuki India, however, fell 1% due to

an agitation in Haryana where its manufacturing plants are located.

Both the two-wheeler makers in Nifty 50 reported positive sales growth with Bajaj

Auto's total sales rising 12% on year and market leader Hero MotoCorp's volume

rising 13.6%.

Investors would watch for product price hikes by more manufacturers following a 1-

4% infrastructure cess on vehicles announced in the Union Budget for 2016-17 (Apr-

Mar) on Monday. Already Maruti Suzuki India Ltd, Mahindra Mahindra Ltd and

Tata Motors Ltd have announced a hike in vehicle prices.

In his Budget speech, Finance Minister Arun Jaitley announced the levy of an

infrastructure cess of 1% on small cars, 2.5% on diesel cars, and 4% on vehicles with

higher engine capacity and sport utility vehicles.

Auto Stocks Outlook for the week – 29.02.2016 to 04.03.2016 (Budget push to infra eyed; bias positive)

Auto Stocks Outlook for the week – 29.02.2016 to 04.03.2016

(Budget push to infra eyed; bias positive)

Shares of major auto companies are seen taking cues from the Union

Budget 2016-17 (Apr-Mar), analysts said, highlighting that hopes would

hinge on any rationalisation in excise duty on cars by Finance Minister

Arun Jaitley and steps to bring it closer to rates as envisioned in the

Goods and Services Tax. Currently, the total tax rate on small cars is

30%, large cars 42% and sports utility vehicles at 51%. These may be

lowered to converge with the GST rate, which is expected to be 18% for

small cars and 40% for large cars and SUVs.

Auto stocks are seen trading with a positive bias, tracking Budget

announcements aimed at an infrastructure push, and reviving the rural

economy, both critical to the revival of auto sales. In the later part of the

week, auto stocks will take their cues from the monthly sales numbers to

be announced by companies on Tuesday.

Shares of Maruti Suzuki India Ltd are seen taking a further hit as sales

numbers are seen falling on production impact given that the company

had to shut operations for two days at Gurgaon and Manesar plant in

Haryana due to the Jat quota agitation. Operations at Gurgaon and

Manesar plant had to be halted because the agitation affected parts supply

to the company's units. On an average, the country's largest passenger

carmaker manufactures 5,000 units a day.

Both Ashok Leyland and Mahindra and Mahindra may also trade with

positive bias on the government hiking its infrastructure spending.

Mahindra and Mahindra, which fell the least this week, is an undervalued

stock.

Auto Stocks Outlook for the week – 15 to 19.02.2016 (To take cues from broad market next week; bias weak)

Auto Stocks Outlook for the week – 15 to 19.02.2016

(To take cues from broad market next week; bias weak)

 ( www.rupeedesk.in )

Shares of major auto companies are seen trading with a negative bias next

week, taking cues from the broader market which has descended into

gloom. Witnessing their biggest intraday fall since Aug 24 last year, the

National Stock Exchange's Nifty 50 and BSE Sensex on Thursday

breached the psychologically-crucial levels of 7000 points and 23000

points, respectively, before closing at their lowest levels in 21 months.

The Auto Index will see further downside to the tune of 3-4% next week.

Shares of major automobile companies closed at a discount of anywhere

between 2% and 31% this week, as against a week ago.

Among the major laggard was Maruti Suzuki, which plunged 31% this

week to close at 3549.65 rupees. In the short-term, the stock might look

weak, but has bright long-term prospects, backed by strong sales pitch

and new products. The negative bias is likely to continue next week.

Maruti Suzuki unveiled the Ignis hatchback and the Brezza sports utility

vehicle at the recently-concluded Auto Expo, and has begun taking

bookings for the latter, which marks its entry into the sub-4 metre

compact SUV segment.

We are expecting the company, remains under pressure on account of

poor performance in the domestic passenger vehicle market. The

company's Jaguar Land Rover subsidiary's operational performance is

also under the scanner. During Oct-Dec, Tata's Motors' UK-based

subsidiary reported a net profit of 440 mln pound sterling, 26% lower

than last year, largely due to lower sales in China.

Auto Stocks Outlook for the week – 08 to 12.02.2016 (Some recovery likely next week on sales data)

Auto Stocks Outlook for the week – 08 to 12.02.2016

(Some recovery likely next week on sales data)

  ( www.rupeedesk.in )

Shares of major auto companies are seen trading with a positive bias next

week on cues, including a good set of sales numbers when the Society of

Indian Automobile Manufacturers announces its monthly data and

earnings of Tata Motors and M&M.

Stocks of most major automobile companies, barring Maruti Suzuki,

remained flat this week after trading weak for a couple of days.

Shares of the car maker stayed below the 4,000-rupee and on a weakly

basis closed down almost 10%. We expect that in the short-term the stock

might look weak, but has bright long term prospects, backed by a strong

sales pitch and new products.

Tata Motors, which has been trading with a negative bias would be a

closely watched stock next week on account of its earnings, which are

slated to be declared on Feb 11. Market estimates have pegged the

company's topline at 733.14 bln rupees, up 6% on year.

Auto Stocks Outlook for the week – 01 to 05.02.2016 Some recovery likely next week on new launches

Auto Stocks Outlook for the week – 01 to 05.02.2016

Some recovery likely next week on new launches

 ( www.rupeedesk.in )

Stocks of major automakers are seen making some recovery in the short term backed

by individual cues, and new launches during the Auto Expo. Stocks of most major

automobile companies remained flat this week, after trading weak for a couple of

days, and below par results by passenger car segment leader Maruti Suzuki India.

Stocks of the car maker breached the 4,000-rupee mark again yesterday, though on a

weekly basis, the stock closed down just 0.2%.

In the short-term the stock might look weak, but has bright long term prospects,

backed by a strong sales pitch and new products. For the Oct-Dec period, Maruti

Suzuki's bottomline was 13.02 bln rupees, up 27% on year. The company is slated to

launch the Ignis hatchback and unveil the Brezza sports utility vehicle at the Auto

Expo. Tata Motors, which has been trading with a negative bias, sees multiple

reversal points. The stock may face headwinds as fears over its correlation with China

and other markets mounts. JLR has a significant exposure in China, which is its

second-largest sales territory. They see momentum indicators picking up action, and

the stock looks robust.