financetom
Market
financetom
/
Market
/
Positive on Maruti Suzuki, Hero MotoCorp, says HDFC Securities’ Aditya Makharia
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Positive on Maruti Suzuki, Hero MotoCorp, says HDFC Securities’ Aditya Makharia
Dec 15, 2020 3:09 AM

Auto stocks have had a phenomenal run from the March lows, with Ashok Leyland being the strongest performer. HDFC Securities’ Aditya Makharia, however, points that although auto stocks have doubled from the lows, the auto index is still 20-25 percent lower from the highs of January 2018.

“While the broader market is at an all-time high, the Indian auto index is yet lower. One of the key reasons for the same is that if you look at volumes, volumes are not back up where they were in 2018. There is still some time for us to catch up to those volume levels which we had seen 2 years ago,” Makharia, Senior Analyst – Automobiles at HDFC Securities told CNBC-TV18 in an interview on Tuesday.

Makharia said that he is positive on stocks like Maruti Suzuki and Hero MotoCorp.

“If you look at stocks which have demand momentum, passenger vehicles definitely comes to light. So therefore you can look at OEMs such as Maruti Suzuki. The Indian OEMs have become a lot more progressive even in terms of technology. So another company we like to this extent is Hero MotoCorp,” he said.

(Edited by : Ajay Vaishnav)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Tech Stocks Rise Premarket Wednesday
Sector Update: Tech Stocks Rise Premarket Wednesday
Jan 22, 2025
09:07 AM EST, 01/22/2025 (MT Newswires) -- Technology stocks were higher premarket Wednesday with the SPDR S&P Semiconductor ETF ( XSD ) up 0.6% and the Technology Select Sector SPDR Fund (XLK) advancing by 1.4% recently. Amphenol ( APH ) shares rose past 5% after the company reported higher Q4 adjusted earnings and net sales. Teledyne Technologies ( TDY )...
Sector Update: Health Care Stocks Flat to Lower Premarket Wednesday
Sector Update: Health Care Stocks Flat to Lower Premarket Wednesday
Jan 22, 2025
09:14 AM EST, 01/22/2025 (MT Newswires) -- Health care stocks were flat to lower premarket Wednesday with the Health Care Select Sector SPDR Fund ( XLV ) down 0.4% and the iShares Biotechnology ETF (IBB) recently inactive. Johnson & Johnson ( JNJ ) shares fell by over 3% after the company reported a decline in fiscal Q4 adjusted earnings. Abbott...
Sector Update: Financial Stocks Lean Lower Premarket Wednesday
Sector Update: Financial Stocks Lean Lower Premarket Wednesday
Jan 22, 2025
09:19 AM EST, 01/22/2025 (MT Newswires) -- Financial stocks were leaning lower premarket Wednesday as the Financial Select Sector SPDR Fund (XLF) declined by 0.2% recently. The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.4% higher. Travelers (TRV) shares rose past...
US Equity Futures Advance Pre-Bell Amid AI Focus, Company Earnings
US Equity Futures Advance Pre-Bell Amid AI Focus, Company Earnings
Jan 22, 2025
09:15 AM EST, 01/22/2025 (MT Newswires) -- US equity futures advanced pre-bell as traders overlooked mixed earnings reports and focused on President Trump's $500 billion plan to boost US artificial intelligence infrastructure. Dow Jones Industrial Average futures and S&P 500 futures moved up 0.3%, while tech-heavy Nasdaq futures advanced 0.6%. Oil prices continued to slide after Tuesday's losses, with the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved