Auto Stocks Outlook For The Week - 21 To 25.05.2018
Stocks of most automobile companies are likely to fall next week in the absence of any major trigger, and on bearish sentiment towards heavyweights like Tata Motors Ltd and Maruti Suzuki India Ltd. Nifty Auto may also take cues from benchmark equity indices, which are seen mirroring the subdued trend in the US and most other Asian markets, amid a rise in global crude oil prices and US bond yields. Stocks of Tata Motors Ltd will be in focus next week as the company is scheduled to report its Jan-Mar earnings on Wednesday. The company is expected to report a 19.5% on-year fall in its consolidated net profit for the March quarter at 34.6 bln rupees. We will closely eye the company's outlook on demand scenario for its subsidiary Jaguar Land Rover.
Source : Cogencis Information Services Ltd.
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Stocks of most automobile companies are likely to fall next week in the absence of any major trigger, and on bearish sentiment towards heavyweights like Tata Motors Ltd and Maruti Suzuki India Ltd. Nifty Auto may also take cues from benchmark equity indices, which are seen mirroring the subdued trend in the US and most other Asian markets, amid a rise in global crude oil prices and US bond yields. Stocks of Tata Motors Ltd will be in focus next week as the company is scheduled to report its Jan-Mar earnings on Wednesday. The company is expected to report a 19.5% on-year fall in its consolidated net profit for the March quarter at 34.6 bln rupees. We will closely eye the company's outlook on demand scenario for its subsidiary Jaguar Land Rover.
Source : Cogencis Information Services Ltd.
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