Auto
Stocks Outlook for the Week – 08 to 12.12.2014
( www.rupeedesk.in )
Stocks of major
automobile companies are seen rising next week on the back of strong vehicle
sales growth reported
by big manufacturers such as Maruti Suzuki, Ashok Leyland, and TVS
Motor Co.
Stocks of automobile
companies have risen over the past few months along with broader indices,
and investors have
increased exposure to these stocks. The major automobile players are
expected to continue
their upward momentum.
Mahindra &
Mahindra's stocks are expected to remain range bound, after the company
reported
weak sales in
November. Hero MotoCorp's counter is expected to gain ground and even
outperform other
two-wheeler manufacturers. Hero MotoCorp's focus on export and attention on
expanding production
capacity are seen as reasons for likely strong performance of its stocks in
near term.
