Auto Stocks in Spotlight: Anil Singhhi sees the opportunity in the stock after strong sales
Auto stocks remain focused on the back of the February data showing a mixed tendency to all parts. Mahindra and Hindra (M & M) Available Second Second Charmaker in India, passing Hyundai passing, driven by a strong SUV and selling a tractor. However, PV) part of the passenger’s vehicle (PV) recognizes the reduced performance, Maruti Suzuki, Hyundai, and Tata Motors reported very weak numbers. The Nifysy Auto Index, is already under pressure, sees 11 percent in February, using the Nefty 50, which was 6 percent.
Im & M sends solid growth, the scaling of the call
Um & M reports over 15 years of sale by default sales, accessing 83,702 units. The sale of cars are transferred 19% to 50,420 units, keeping strong pressure on the SUV part. The tractor sale was a stoppiece, which increases 17,8 percent YWOs to 25,527 units, very strong. Market experts, including Anil Singhvi, recommend purchasing Intraday, receiving a strong commercial company and good agricultural styles.
Rid of Car Retasses Disillusioned, Maruti and Hyundai short
Maruti Suzuki has reported the total PV sales of 1.99 Lakh units, just at least 1 yoys, decreases of 2.05 Lakh units. The sale of Hyundai Motors refused 2.9 percentages to 58,727 units, and the PV of Tata Motors are 9,435 percent, permanent expectations. The weakest performance of these companies can be concerned about reducing consumer waste in the part.
Two wheellers show stability, led by TVs and Bajaj Auto
The Wheeler Wheeler Wheeler (2w) is set up some categories, with TVs motor Posta 10 percent of the 10 percent of the 303 units of Lakh, meetings. Bajaj Auto reported I reported at 2 percent of the modest selling of 3.52 Lakh units, less expected. However, the Hero Motocorp, however, is in ance, by a reduction in 17 percent of the total sale of 3.88 Lakh units, non3 Lakh units.
The sale of trade vehicles remains mixed, ashok leyland of surprise
Part of the vehicle sales (CV) has shown a mixed, tata motors posts a 7% decline in the CV is complete sale in units of 32,533. On the other hand, Ashok Leyland has brought stronger performance, selling 2 percent of perfores to 17.903 units, units can exceed 17,300 units.
Market Outlook: Monitoring is wins despite the selected purchase
Perfect weakness in PV sales and uncertainty in international markets keep default shares under pressure. While IM & M lasts strong selection because of its fixed operation, investors are advised to stay alert to PV shares like Marruti and Hyundai. A two-wheeled part, especially TVs and Bajaj Auto, continues to attract interest, while CV stocks are selected as Asshok Leyland can see some benefits. Analysts suggest to follow the coming macroConomic cuces coming before making new betting in the auto field.
