Which auto stock
should you buy
this festive season?
Auto stocks have
emerged as winners
in an otherwise weak market of late
in the Sensex in the last one year...
...select auto stocks have soared up to 53% in the last one year
So which auto stocks can you bank on during this festive season?
Here are the returns that shares of Tata Motors, Maruti Suzuki and Mahindra & Mahindra delivered in the past one year
Brokerage Prabhudas Lilladher is betting on M&M due to its back-to-back successful launches
Since the launch of Scorpio-N on June 27, the auto stock has rallied 15.41%
Abhijeet from Tips2trade said Maruti & M&M are much better placed as long-term bets
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
From a short-term perspective, Abhijeet said Tata Motors could recover smartly...
…from current levels for targets of Rs 431-
Rs 446 in the near term
Ravi Singhal, CEO at GCL is bullish on M&M. He said that it has the best portfolio mix
Based on these insights from Business Today, which auto stock will be your festive pick?
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Produced by Prashanti Moktan
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