Rohan Korde - auto analyst at domestic brokerage firm, Prabhudas Lilladher, says in the two-wheeler space, he is optimistic on Bajaj Auto despite the recent weakness in its export performance.
According to Yaresh Kothari, the main concern regarding Maruti Suzuki right now is that why a change in view to expand manufacturing facilities in Gujarat after expanding the same for 3 years at Manesar plant
India's largest commercial vehicle manufacturer Tata Motors surprised Dalal Street on every parameter on Friday with the second quarter (July-September) consolidated net profit surging nearly 71 percent year-on-year on Jaguar Land Rover boost.
Amit Kasat, auto analyst, Standard Chartered says last two months the passenger car segment has outperformed the utility vehicle segment.
Amit Kasat, Auto Analyst, Standard Chartered told CNBC-TV18 that now many companies are trying to realign the production with the retail demand in India and the best thing is that companies are not pilled up with inventories. His top picks in the sector are Maruti and Tata motors.
Kapil Singh, Auto Analyst at Nomura has a buy call on Maruti and M&M. He gave the target price on Maruti of Rs 2,259 per share and on M&M Rs 1,125 per share.
Nomura's auto analyst, Kapil Singh is positive on four-wheeler space and suggests avoiding two-wheeler space because demand for the industry has been slow.
Tata Motors has target of Rs 340, says Hitesh Goel, Auto Analyst, Kotak Institutional Equities.
Hold Maruti Suzuki, says Deepak Jain, Auto Analyst, Sharekhan.
Reacting on the stock behaviour, Deepak Jain, Auto analyst at Sharekhan told CNBC-TV18 that the company could have faced a loss of around its 1,000 units. Moreover, the company chairman Mr. Bhargava has reported a revenue loss of Rs 40 crore on a daily basis, and this could be used as an indication to predict the stock behaviour