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    HomeNewsBusinessStocksHouseviews: Brokerages recommend auto stocks

    Houseviews: Brokerages recommend auto stocks

    Brokerages tell you what to do in the volatile market and what stocks will save your portfolio

    August 24, 2011 / 09:38 IST

    Auto and auto ancillary sectors were quite beaten down as the rate hike continued over the past quarter. Reports from brokerages seem to suggest that maybe it is indeed time to start looking at the space for value buys.
    Deutsche Bank maintains a buy on M&M with a target of Rs 780. The market is implying a 40-50 basis points contraction in margin. Margins will also be adversely affected as the very profitable Maxximo is produced by a 100% subsidiary but marketed by the parent.

    Standard Chartered has an

    first published: Aug 24, 2011 09:00 am

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