Ashok Leyland, Hero MotoCorp, Maruti Suzuki - Sharekhan puts its money on these auto sector stocks
Six leading OEMs including Ashok Leyland, Hero MotoCorp, Hero Motocorp, Maruti Suzuki, Toyota Kirloskar Motor, and MG Moto have announced plant shutdowns in May, amid the second wave of rising COVID-19 cases. Brokerage firm Sharekhan expects the current COVID-induced restrictions in states to be a temporary phenomenon undertaken to arrest the rising COVID-19 cases
Sharekhan sees positive sentiments in rural and semi-urban areas for Hero MotoCorp. In the PV space, the brokerage firm likes Maruti Suzuki and expects it to maintain its dominant market share: Reuters