Bumper earning opportunity in these 10 stocks of Auto Sector, Emkay Global Financial Services advised to buy
Auto Sector Stocks Analysis: The volatility in the Indian stock market continues. However, the market has now returned to recovery mode. Market experts say that the market will bounce back in the coming days. However, this boom will not be seen in all sector stocks. There will be certain sectors which can make good money for the investors. One of them will be auto sector stocks. This is because the sale of vehicles has increased rapidly due to the elimination of the chip crisis and the end of the effect of Corona. Most of the companies have seen a significant increase in sales in June. In view of this, Emkay Global Financial Services has advised to buy 10 stocks of good companies in the auto sector. Come, let us know which are those stocks which can earn bumper earnings.
| company | Rating | CMP (Rs) | Target Price (TP (Rs) ) |
Upside (%)
|
| Maruti Suzuki (MSIL) | Buy | 8,476 | 9,650 | 14 |
| Tata Motors | Buy | 442 | 530 | 20 |
| Escorts | Buy | 1,562 | 2,140 | 37 |
| Ashok Leyland | Buy | 144 | 178 | 24 |
| Mahindra & Mahindra (MM | Buy | 1,134 | 1,390 | 23 |
| Hero Motocorp | Buy | 2,849 | 3,400 | 19 |
| Atul Auto | Buy | 174 | 200 | 15 |
| Apollo Tires | Buy | 203 | 245 | 21 |
| Bharat Forge | Buy | 669 | 765 | 14 |
| Motherson Sumi | Buy | 74 | 86 | 16 |
Source: Emkay Global Financial Services
Don’t invest in haste
Do not take the decision of investing in any stock in haste. Research the company you want to invest in. If you do not understand on your own, then consult an expert. Still invest after that. We are not recommending investing in any of the above stocks.
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