Which auto stock should you buy this festive season?

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Auto stocks have emerged as winners in an otherwise weak market of late

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Against a 3.13% drop in the Sensex in the last one year...

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...select auto stocks have soared up to 53% in the last one year

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So which auto stocks can you bank on during this festive season?

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Here are the returns that shares of Tata Motors, Maruti Suzuki and Mahindra & Mahindra delivered in the past one year

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Brokerage Prabhudas Lilladher is betting on M&M due to its back-to-back successful launches

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Since the launch of Scorpio-N on June 27, the auto stock has rallied 15.41%

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Abhijeet from Tips2trade said Maruti & M&M are much better placed as long-term bets

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He added that targets of
Rs 9,930 and Rs 1,500 look likely on a daily close above Rs 9,418
and Rs 1,338 levels

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From a short-term perspective, Abhijeet said Tata Motors could recover smartly...

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…from current levels for targets of Rs 431-
Rs 446 in the near term

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Ravi Singhal, CEO at GCL is bullish on M&M. He said that it has the best portfolio mix

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Based on these insights from Business Today, which auto stock will be your festive pick?

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Story by Aseem Thapliyal
Designed by Mohsin Shaikh
Produced by Prashanti Moktan

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