These changes come at a time when Ather is gearing up for a public listing in the next year, and months after it raised funds from existing investors
Deepak Jain, Auto Analyst at IDFC Securities is of the view that one may enter Eicher Motors.
According to Deepak Jain, Auto Analyst at IDFC Securities, Maruti Suzuki is a top pick.
M&M's one source strategy gives an opportunity to leverage all other product lines of Mahindra, said Deepak Jain of Lumax Industries.
Strong macro-headwinds in form of costlier loans and rising fuel prices will slow passenger vehicle sales growth to 8-10% in the current fiscal year, compared with around 30% in 2010-11 feels Deepak Jain, assistant vice president, at broking firm Sharekhan.
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