November Monthly Auto Sales - Seeing Blue Sky Territory

By Research Desk
about 7 months ago

Auto sales for the month of November will start pouring in from Tuesday, 1st December, 2020,  with opening of the market. Markets are closed on Monday, 30th November.

This time Diwali was in the month of November, hence this month will have benefit of festival sales, coupled with pent up demand, for which positive commentary are already seen from Auto OEMs and Dealers. 2 Wheelers makers are seen biggest beneficiary, with entry segment PV also seen to be doing well. Even CV segment is likely to show good revival, as Logistic sector has seen demand picking up, with sharp recovery being seen in the economy, now as also seen ahead.

Hero Moto, Bajaj Auto, TVS Motors and Eicher Motor in 2 W space, while Maruti in PV space, Ashok Leyland in CV space, followed by VST Tillers, Escorts and M&M In tractors and Agri related space need to be watched closely.

So, is this a chance for buying few of these stocks, ahead of their sales numbers, as  today is the last day of market working ahead of these sales numbers being made public.

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