www.rupeedesk.in
Stocks of major automakers are likely to take cues from the broader market, with market
leader Maruti Suzuki India Ltd trading in a positive bias. According to a Cogencis report
today, Maruti Suzuki has got over 13,000 bookings for the Celerio till date since it was
launched. There is no trigger for the auto stocks next week. It is a lean period ahead
before the elections. For the first three days next week, the stocks will follow the broader
market. Markets are shut Thursday on account of Mahashivratri. The stocks are likely to
react only on Friday on expectation of good sales numbers of frontline automakers.
The stock of Maruti Suzuki India Ltd is expected to be positive on expected good sales
figures for the February. With its newly-launched Celerio clocking a more-than-expected
response, Maruti Suzuki is likely to post good sales numbers due to despatches of the
new Celerio to the dealers. Hero MotoCorp Ltd had launched revamped Splendor and
Passion motorcycles on Feb 5 at the 12th Auto Expo. It is expected to show good
numbers for February as its demand should be able to match the production levels. As the
commercial vehicles segment remains subdued, Ashok Leyland Ltd is likely to disappoint
the Street in terms of sales this month. Same for Tata Motors Ltd. Although, not much is
expected from domestic sales, its global sales are likely to be driven by the Jaguar Land
Rover yet again.
Tata Motors Ltd's counter continues to be driven by the performance of its subsidiary
JLR, which sold a record 425,000 cars globally during 2013, thereby providing a balm to
the poor standalone domestic performance of the parent company. JLR contributes a
lion's share to the company's revenues. Nothing very special is expected from Mahindra
& Mahindra Ltd for this month. The company's numbers should be mixed bag. Tractors
side sale will shore up sales numbers.
Stocks of major automakers are likely to take cues from the broader market, with market
leader Maruti Suzuki India Ltd trading in a positive bias. According to a Cogencis report
today, Maruti Suzuki has got over 13,000 bookings for the Celerio till date since it was
launched. There is no trigger for the auto stocks next week. It is a lean period ahead
before the elections. For the first three days next week, the stocks will follow the broader
market. Markets are shut Thursday on account of Mahashivratri. The stocks are likely to
react only on Friday on expectation of good sales numbers of frontline automakers.
The stock of Maruti Suzuki India Ltd is expected to be positive on expected good sales
figures for the February. With its newly-launched Celerio clocking a more-than-expected
response, Maruti Suzuki is likely to post good sales numbers due to despatches of the
new Celerio to the dealers. Hero MotoCorp Ltd had launched revamped Splendor and
Passion motorcycles on Feb 5 at the 12th Auto Expo. It is expected to show good
numbers for February as its demand should be able to match the production levels. As the
commercial vehicles segment remains subdued, Ashok Leyland Ltd is likely to disappoint
the Street in terms of sales this month. Same for Tata Motors Ltd. Although, not much is
expected from domestic sales, its global sales are likely to be driven by the Jaguar Land
Rover yet again.
Tata Motors Ltd's counter continues to be driven by the performance of its subsidiary
JLR, which sold a record 425,000 cars globally during 2013, thereby providing a balm to
the poor standalone domestic performance of the parent company. JLR contributes a
lion's share to the company's revenues. Nothing very special is expected from Mahindra
& Mahindra Ltd for this month. The company's numbers should be mixed bag. Tractors
side sale will shore up sales numbers.
