Auto Stocks Outlook for the week – 04 to 08.05.2015
( www.rupeedesk.in )
Stocks
of major automakers, in line with the broader market, are seen trading with a
negative bias next week due to absence of any positive triggers, that investors
would eye sales numbers for April to be posted by respective companies from May
1-4.
While
auto sales numbers would be eyed next, there isn't anything positive apart from
that, so the general trend in auto stocks looks negative, not only for the
week, but for the fortnight. The month of April is seen dull from the sales
point of view, with only a few segments and fewer manufacturers sailing in the
green.
India's
largest two-wheeler manufacturer, Hero MotoCorp Ltd, is scheduled to detail its
Jan-Mar earnings on Thursday, which would be closely watched by the sector. The
company's stock is seen trading with a negative bias during the week, mainly
due to a fall in its motorcycle numbers, keeping overall revenues stagnant.
Apart from Hero MotoCorp, Eicher Motors Ltd is also scheduled to detail its own
set of numbers next week, on May 8.
