Stock market: There was a good rise in auto stocks in yesterday’s trading session. However, after yesterday’s stormy rise, there is pressure in the market today. Nifty is seen slipping 130 points and nearing 24050. Bank Nifty is also down. There is good growth in midcap and smallcap shares. Hero Moto is under pressure of 2 percent due to weak sales figures in December. The total sales of the company have decreased by 17.5 percent. Domestic sales have also fallen by about 22 percent.
Talking on auto shares, market expert Prakash Diwan says that looking at the December figures, it shows that Maruti has sold more cars in December than what it has produced in two months. The company has given a lot of discounts in December. Tried to reduce inventory at dealership level. Apart from this, there has been a rise in the sales of the following models of the company in December. Looking at these figures, it does not seem that there is any major change in the trend. But there has been a revival in the sales of entry level cars. This is a good thing.
Talking about auto stocks, Prakash further said that if you want to invest with a long term perspective then M&M will be better than Maruti. A lot of things are changing in this company. Especially considering the quality and price point of the electric platform being launched by the company, M&M stock looks very good. People can now be seen shifting towards M&M’s electric cars after trying traditional electric cars.
Talking about the outlook for 2025, Prakash said that in view of global uncertainty, there may be a slowdown in the market in 2025. The markets may remain soft and volatile for the next two-three months. But in this softening, there will be very good opportunities for market entry. Remember this time’s Union Budget will be very important. In this budget, the focus will be on increasing consumption, growth and capex.
20% growth is possible in Bajaj Finance from here, Reliance will also gain momentum: Parag Thakkar
Prakash believes that financial stocks may see a strong rise in 2025. If global conditions improve, chemical and IT stocks will also see a rise. Pharma sector can be very good for us. Through pharma we can participate in the global and especially the American economy. This year, mid-sized pharma companies may get a chance to become a big company.
Talking about the shares of Eicher Motors, Prakash said that if you have to bet on two-wheelers then bet on Hero Moto and TVS. Both of them will benefit from the recovery in the rural economy. Shares of Eicher Motors are looking a bit expensive at this price. Eicher Motors is more dependent on urban consumption and there are no signs of improvement in demand here yet. But in auto the main focus should be on four wheeler. It includes M&M in the top picks.
Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for this. Money Control advises users to seek the advice of a certified expert before taking any investment decision.