Maruti Suzuki, Tata Motors to Ashok Leyland: Why auto stocks are in action today — explained
Stocks in focus: Auto majors in two wheeler, private four wheeler and commercial vehicles segment are expected to deliver better monthly sales numbers, believe experts
Stock market today: Ahead of monthly auto sales numbers for the month of July 2023, auto stocks are in action today. Auto majors Maruti Suzuki, Ashok Leyland, Tata Motors, Hero MotoCorp, Escorts Kubota, Force Motors, etc. are trading in green territory. According to stock market experts, auto sales starts moving upward from the second quarter and July being the first month of Q2FY24, market is expecting better sales numbers from majority of the auto majors. However, they said that numbers may rise in single digit on sequential basis due to higher base size, but in YoY-terms, market is expecting double digit growth in monthly auto sales.
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