The stocks of the morning will clearly be the auto pack. September has seen strong auto sales across the board with commercial vehicle sales being especially strong. In an interview to CNBc-TV18, Hitesh Goel of Kotak Institutional Equities shared his reading and outlook on the same.
Tata Motors‘ declared a dismal set of quarterly numbers yesterday, with consolidated profit falling 96 percent year-on-year to Rs 112 crore.
Watch the interview of Hitesh Goel, Associate Director, Kotak Institutional Equities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.
Hitesh Goel, Associate Director at Kotak Institutional Equities recommends buying Maruti Suzuki.
Hitesh Goel, Associate Director at Kotak Institutional Equities is of the view that one can buy Bajaj Auto.
Hitesh Goel, senior analyst at Kotak Institutional Equities recommends selling Eicher Motors as the valuations are very expensive looking at the long term picture.
Hitesh Goel, senior analyst at Kotak Institutional Equities is of the view that Tata Motors may test Rs 600 and Maruti Suzuki may hit Rs 4500.
Hitesh Goel, senior analyst at Kotak Institutional Equities, gives his views on auto majors such as Tata Motors, Maruti and Ashok Leyland.
Hitesh Goel, Senior Analyst, Kotak Institutional Equities recommends keeping Maruti Suzuki and Tata Motors in the portfolio.
From the commercial vehicle segment, Hitesh Goel, senior auto analyst, Kotak Institutional Equities thinks Ashok Leyland would be a pure play from liquid stock point of view.
According to Hitesh Goel of Kotak Institutional Equities, Hero Moto has done well in maintaining strong market share and feels the next one to one-and-a-half years look very good for the company.
In an interview to CNBC-TV18, Hitesh Goel of Kotak Institutional Equities spoke about his outlook on the auto sector.
Analysts see a downside on Tata Motors' stock in the near-term on the back of unimpressive volumes. However, a rise in volumes on the back of additions of new JLR models is foreseen which will surprise the street later, say an expert.
Hitesh Goel, Analyst at Kotak Institutional Equities is neutral on Tata Motors.
Kotak Institutional Equities analyst Hitesh Goel told CNBC-TV18 that they are very positive on Tata Motors with a target of Rs 340. He was very enthusiastic about where JLR‘s operations will be going over the calendar year.
Tata Motors has target of Rs 340, says Hitesh Goel, Auto Analyst, Kotak Institutional Equities.
Kotak Institutional Equities analyst Hitesh Goel explains to CNBC-TV18 that Tata Motors is on the top of his investment picks for the year thanks to the boost in JLR‘s Evoque and Freelander models which was caused by management initiatives that included the addition of a third shift at the company‘s Halewood plant.
JLR will declare its numbers tomorrow. In an interview to CNBC-TV18, Hitesh Goel, analyst at Kotak Institutional Equities says, the numbers would be better than April because of seasonality. “The April numbers were around 25,000, we are expecting around 28,000 for May,†he adds. He is bullish on Tata Motors now.
Buy Tata Motors, says Hitesh Goel, Analyst, Kotak Institutional Equities.
Tata Motors‘ April global sales were unimpressive which came in at 87,377 units. Their total JLR global sales came in at 25,143 units. April global CV sales came in 8% lower at 38,008 units YoY.
In an interview to CNBC-TV18, Hitesh Goel of Kotak Institutional Equities analyses auto stock names like Tata Motors and M&M.
M&M is a top pick in auto space, says Hitesh Goel, Analyst, Kotak Institutional Equities.
Hitesh Goel, Analyst, Kotak Institutional Equities comments on Maruti Suzuki and Ashok Leyland.
Hitesh Goel, Analyst, Kotak Institutional Equities shares his view on Bajaj Auto and TVS Motor.
However analysts are more worried about sales of two-wheeler segment. In an interview to CNBC-TV18, Hitesh Goel, Analyst, Kotak Institutional Equities gave his top picks in the sector.