It has been a bad beginning for the Auto Industry in stock market this fiscal. First it was hike in interest rates, followed by stringent measures adopted by financial institutions and now increases in prices of raw materials. The downward performance this fiscal follows the impressive performance in 2006 - 2007. The higher interest rates, hard financial options have resulted in negative sales figures of automobile companies resulting in poor performance of the auto stocks.
Tata Motors on Friday opened at Rs 654 and closed at 645.85 a loss of Rs 9.50. Similarly, Maruti Suzuki which is heavily affected by increase in raw materials opened at 834.75 and closed at 829.25 a loss of Rs 9.05.
Labels: Auto market competition, auto share market in India, Car sales, JLR deal, Maruti, raw materials, scenario in India auto industry, Tata Motor
5 Comments:
There will be ups and down in every market.But that does not mean end to everything.The demand for cars in india is increasing so are the sales.This is just an temporary phase and soon we can see the shares going high.
Tata Motors has not been doing well lately. In fact all its cars have little of the international designs. The new car unveiled during Auto Expo have not helped sales significantly. I think apart from Nano there are no other cars will keep tata in car business for a long time.
Auto companies have been downbeat in the last year due to high interest rates and rising inputs costs. Moreover, the US economy factor is a decisive for their stocks to show profits.
it is a good time for people who want to invest in automobile company stocks.
Hi,
5 days of rally in Indian stock market recommendation and again a crash. One day gap up opening next day just mirror reflection of it (Gap down). All points gained by nifty whipping out. Investors was thinking that they should reenter in the market and can take long positions but just see what happened. These kind of movement are called traps. Still we are expecting more short covering to come in 2-3 days.
But do remember overall market mood is bearish throughout the year. So invest money but for short term not for medium to long term. You will get much better opportunities to do so at more lower levels.
Thanks
Regards
SHARETIPSINFO TEAM
Hi,
Your blog is nice and informative. We would like to share few information’s with users. Indian stock market is not a place for speculators anymore. As it has become too volatile. Still day traders are requested to trade with strict discipline and a small suggestion for Long term players is don’t take any long term delivery position as Nifty and Sensex are still in bearish zone. Just wait for right time and opportunity before taking long position.
For any doubt please feel free to ask us.
Thanks
Regards
SHARETIPSINFO TEAM
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