RUPEE DESK- *Auto Stocks Outlook for the week (11-15.06.2012)*
Performance of the broad market is likely to set the trend for stocks of automobile companies in the coming week. The market will also await possible announcement related to any hike in duty on diesel cars. The auto companies are likely to make a presentation to the finance ministry in a week to discuss impacts of any such duty hike. Tata Motors stocks will be eyed as the company's Jaguar Land Rover sales numbers for May are expected to be good. The sales figures will be announced Friday.Also positive on Mahindra & Mahindra, which reported better tractor sales in May. The movement of the rupee against the dollar and commodity prices could also impact the stocks. By RUPEE DESK [email protected] www.rupeedesk.in -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
