Auto Stocks Outlook for the week (25-29.06.2012)
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rupeedesk
Jun 23, 2012, 7:51:45 AM6/23/12
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Auto Stocks Outlook for the week (25-29.06.2012)
The stocks of automobile companies are seen trading in a narrow range with a negative bias next week with the sector looking at the broad market for direction. Investors are likely to avoid taking big positions in these stocks ahead of the release of the sales data for June due in the first week of next month. Among the auto stocks, Mahindra & Mahindra looks most positive as it is expected to report better sales numbers than its peers. Positive on Bajaj Auto, which has a series of new launches planned for this year. The company's performance in the high margin premium segment was more or less assured as it did not have much of a competition in that space and this scenario is likely to remain for some time now. The company will be shutting its factories from Jun 25 to Jun 30 for scheduled maintenance activities
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