May 03, 2012, 01.23 PM | Source: CNBC-TV18
Rikesh Parikh, Vice-President Markets Strategy and Product Development - Equities, Motilal Oswal Financial Services Ltd view on auto stocks.
Rikesh Parikh (more)
VP Markets Strategy & Product Development -Equities, Motilal Oswal Financial Services | Capital Expertise: Equity - Fundamental
Parikh told CNBC-TV18, “ Hero Motocorp specific I will say is more to do with some disappointment on the margin front which has led to a move down. Before the result if you see some expectation had build up and the stock had given a good run up and even the monthly sales number were better over there. So I will say already a built up of some position and a disappointment on the margin front had leg to a correction on the stock. In case of other stocks, that’s Maruti Suzuki or Tata Motors , the monthly sales number was below estimate and that’s why we are seeing some amount of selloff coming over there or a correction in the stocks.
Net Sales are expected to decrease by 17.5 percent
Many global markets are slowing down, size of the
The company has already roped in former Argentine
Hero Motocorp unveiled the New Glamour with commen
Net Sales are expected to decrease by 23.2 percent