Nifty Auto index stocks: EV transformation to decide the winner

In some segments like cars and two wheelers do have witnessing rising sales in festive season. But this time in case of even in these two segments, what would be more interesting to watch would be the fact how much sales the EV segment is able to get. If there is a sharp jump in EV numbers then it would mean that the final inflection point as far as the price is concerned will be higher than what has been estimated earlier. Which means early adoption. So when companies announce their sales numbers for the following months, October, November and December, it would throw a light on possible winners for next year.

With some strength in the US dollar coming back, there is global trade which is getting started, metal prices have come down and sectors, which benefit from weaker local currencies have seen a recent bump up. The question is whether the domestic IT companies, which have been witnessing a phase of underperformance, especially the largecaps, will have any recovery due to the rupee factor? Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

One more reason why the auto index is important to look at is the fact that while it is not an absolutely correct substitute for the transportation index available in some western countries, an auto index is something which can give an advance indication of how things are happening on ground in the economy.

Macro environment in which auto ancillaries companies operate have turned favourable after a long period of time. Sometimes it is LCV and HCV which drives the demand, at other point time, better four and two wheeler numbers are pushing the demand up for auto ancillary companies, some of which are changing their business model to stay relevant in times of EV. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

As the headwinds for the auto sector start to slow and the nifty auto index continues to outperform some of the other sectoral indices, we take a look at what analysts' views are on segments and sub-segments of the auto industry. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

Retailers in the consumer goods, white goods, and fashion sectors are expected to prioritize sales growth over profit margins during the festive season. Despite rising raw material prices, companies are reluctant to increase prices and instead opt for promotions to drive demand. This decision may have a negative impact on margins in the October-December quarter.

After the reopening of China, metal prices were expected to inch upward, however the slide continues. Is it because of fears of US recession or over optimism of the covid era is getting adjusted to normal. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

After the reopening of China, metal prices were expected to inch upward, however the slide continues. Is it because of fears of US recession or over optimism of the covid era is getting adjusted to normal. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

The preference for premium products continued, with more demand for, say, double-door refrigerators than single-door ones. Washing machines, TVs and fans also saw higher demand at the top end.