Which auto stock should you buy this festive season?

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

Against a 3.13% drop 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? 

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

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