Stocks to Watch50 min ago
9 Auto Stocks To Buy For Long Term: Motilal Oswal, Morgan Stanley bullish on Maruti Suzuki, M&M, Hero MotoCorp; up to 36% upside
- Written by Ankit Kumar
Published: Zee Business| Updated: Zee Business
9 Auto Stocks To Buy For Long Term: Motilal Oswal and Morgan Stanley have identified TVS Motor, Hero MotoCorp, Mahindra & Mahindra (M&M), Hyundai, CIE Automotive, Maruti Suzuki, CEAT, Ashok Leyland and Eicher Motors as top long-term auto stock picks. The brokerages remain positive on the sector, citing a volume upcycle, improving demand outlook and the ability of OEMs to pass on cost pressures. Based on current market prices and target prices shared by the brokerages, the potential upside across these stocks goes up to around 36 per cent, making them attractive options for long-term investors seeking steady growth.
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1/10
TVS Motor Share Price Target | Upside 16%
1/10Morgan Stanley has maintained an Overweight rating on TVS Motor, with the stock trading at Rs 3,735.80 and a target price of Rs 4,327, implying an upside of around 15.8 per cent. Strong volume growth and premiumisation trends support the outlook.
2/10
Hero MotoCorp Share Price Target | Upside 25%
2/10Morgan Stanley remains positive on Hero MotoCorp, with the stock trading at Rs 5,230.50 and a target price of Rs 6,537, indicating an upside of about 25.0 per cent. Rural recovery and strong product pipeline are key drivers.
3/10
M&M Share Price Target | Upside 23%
3/10Morgan Stanley has maintained an Overweight rating on Mahindra & Mahindra, with the stock trading at Rs 3,200.20 and a target price of Rs 3,919, implying an upside of around 22.5 per cent. Strong SUV and tractor demand support growth.
4/10
Hyundai Share Price Target | Upside 11%
4/10Morgan Stanley has maintained an Overweight rating on Hyundai, with the stock trading at Rs 1,902.80 and a target price of Rs 2,114, indicating an upside of about 11.1 per cent. Stable demand and premium positioning remain positives.
5/10
CIE Automotive Share Price Target | Upside 10%
5/10Motilal Oswal has maintained a Buy rating on CIE Automotive, with the stock trading at Rs 490.20 and a target price of Rs 539, implying an upside of around 10.0 per cent. Recovery in India business is expected to support performance.
6/10
Maruti Suzuki Share Price Target | Upside 29%
6/10Motilal Oswal remains positive on Maruti Suzuki, with the stock trading at Rs 13,453.00 and a target price of Rs 17,406, indicating an upside of around 29.4 per cent. Strong demand and product pipeline support long-term growth.
7/10
CEAT Share Price Target | Upside 23%
7/10Motilal Oswal has maintained a Buy rating on CEAT, with the stock trading at Rs 3,716.10 and a target price of Rs 4,579, implying an upside of about 23.2 per cent. Replacement demand and margin recovery are key drivers.
8/10
Ashok Leyland Share Price Target | Upside 36%
8/10Motilal Oswal remains positive on Ashok Leyland, with the stock trading at Rs 174.78 and a target price of Rs 238, indicating an upside of around 36.2 per cent. CV cycle recovery supports earnings outlook.
9/10
Eicher Motors Share Price Target | Downside 3%
9/10Motilal Oswal has a Neutral rating on Eicher Motors, with the stock trading at Rs 7,189.50 and a target price of Rs 6,960, implying a downside of around 3.2 per cent. Valuations remain elevated despite strong brand positioning.
10/10
Disclaimer
10/10The views/suggestions/recommendations expressed in this article are solely those of investment experts. The platform does not advise investors to buy or sell stocks. Please consult your financial adviser before making investment decisions.
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