InvestorQ : Sir, what's your view on Maruti and whole auto space? The sector is volatile. When do you see the sustained buying coming? Will the festive season act as a trigger?
Sadaf Khan made post

Sir, what's your view on Maruti and whole auto space? The sector is volatile. When do you see the sustained buying coming? Will the festive season act as a trigger?

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Sanjiv Bhasin answered.
2 years ago
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It's a glass half full half empty. Mercedes sold 200 cars on Dussehra. That means many people are buying it. MG Motors and Kia Motors have waiting period. Problem with Maruti is they discontinued Diesel a quarter back which gave benefit to Hyundai. Now they have again started it. It is going through a transition period so it can even come down 300-400 points. Now auto shares are pricing in the worst. When the revival comes it might take 2 3 quarters before earnings start to show some stability. But before that these are good opportunities to own the biggest wealth creator in the last 8 years. I see around 30% growth for auto sector in FY21. My picks are Ashok Leyland, Maruti, M&M and Hero Moto stocks which are the quality stocks to be owned.



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