| Topic : Best & Worst Stocks |
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Investment Hub
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Activity:
Question posted: 12 03 2009 08:28:27 +0000,
4 answers, 248 views, last activity
07 06 2010 20:18:08 +0000
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With the Indian automobile industry buzzing with robust sales, where car manufacturers are showing improved sales in this quarter. The stocks of automotive manufacturers are sizzling at the market. Listed biggies Tata Motors, Mahindra & Mahindra, Bajaj Auto and Ashok Leyland registered their new 52-week high at the Dalal street.
Even two wheelers like Bajaj and Hero honda are also doing really good at the moment, so what are your views on Auto stocks, is it the right time to go for auto stocks and which ones to prefer among the auto stocks? Do share your views.
one can buy auto stocks on decline. Mahindra and Mahindra seems to be the strongest.
thanks to everybody for their reply...I think we should go for these auto stocks, and with the grwoth rates that we are seeing from these auto makers, it really gives one a feeling that still more growth can be posted in the near terms as well.
Hi, no doubt that the sales have outperformed the automobile industry this season.. and its reflection is clearly visible in the stock market. However, seeing the current upmove in those stocks i personally feel no room is left more to enter those stock at these levels. No longer at the current rally they look attractive or feel like going long. There should be a correction to take place around 5-10%, only then i feel they can be bought with short term perceptive. For long term buyers i feel atleast 20% correction is required or one can think of it at around 4900 nifty levels..... Thank you, Manish N.
Cheers!!
The main reason behind the upward movement in the auto sector has been the robust sales numbers posted by these companies. The growth in the sales numbers has been improving on a month-on-month basis, thus even though the current year on year growth is high on back of the lower base of the last corresponding period, the underlying growth trend is intact. And auto sales are doing really well with many Indian cars going to feature in the abroad market, and the bike segment with their new launches have made the investors really happy for the auto stocks at the moment.
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