Vote on account 2014: Mahindra & Mahindra likely to benefit most from duty cut; can rally over Rs 1000

[Rajesh Desai]

 

 

Dear Sir/Madam,

 

Vote on account 2014: Mahindra & Mahindra likely to benefit most from duty cut; can rally over Rs 1000

 

http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/vote-on-account-2014-mahindra-mahindra-likely-to-benefit-most-from-duty-cut-can-rally-over-rs-1000/articleshow/30610442.cms

 

Excise duty cut on SUVs (24% from earlier 30%) as well as Large and Mid-segment car's is positive for all the auto companies like Mahindra & Mahindra, Ashok LeylandBSE 0.65 % Tata Motors, Eicher Motors, Maruti SuzukiBSE 2.57 %, TVS MotorBSE -0.42 %,Bajaj autoBSE -0.09 % and Hero MotoCorp LtdBSE 0.48 %.

"Reduction of excise duty is likely to bring traction in sales numbers in coming quarter of all auto companies despite this move can have few changes in the main budget presented by new Govt. due on July 2014," says Saroj Singh, Executive Research - Auto at MicrosecBSE -1.96 % Capital Ltd.

 

 

Regards,

 

Team Microsec Research

 

 

 

Microsec Capital Limited

Tel: 91 33 30512100

Fax: 91 33 30512020

 

--
CA. Rajesh Desai