The stock market had witnessed a remarkable rise in four consecutive sessions till Thursday. But that growth took a hit in the final trading session of the week. At the end of Friday’s trading session, both the major indices of the market were seen in the red. However, a large section of investors still maintain a positive view of the investment. There are great opportunities to buy stocks in a number of sectors in the current fall in the stock market. In a recent interview with a news agency, expert Sandip Sabharwal advised investors to maintain a positive outlook on the auto sector. Are there any stock-buying opportunities in the fall in this sector? Following is the full opinion of the expert-
What is the exact position of the car sector in the stock market at the moment?
Auto sector sales figures were in line with expectations. However, one thing has created a bit of a problem for the car sector for now. Most of the companies in the car sector have indicated that there is some excess inventory buildup of four to five days and they need to correct this issue. So I think wholesale sales in this sector are going to remain moderate till we reach the holiday season. Hence, moderate figures may be observed in July and August sales of automobile companies. Great growth in sales is unlikely to be noticeable during this period. Stock-buying opportunities in the auto sector are likely to come in the fall.
Any stock-buying opportunity may come in the decline of this sector?
Investing in the automobile sector is something we have to wait for now. Some corrections need to be noted. Perhaps if there is a correction around 5 percent or 10 percent, we can think about buying stocks in this sector. Whether the decline is 5 percent or 10 percent will depend on how the market is doing overall. Maruti stock is currently outperforming. This stock is very strong, and I think the stock can outperform in the coming days as well. Mahindra & Mahindra’s results were also very good. A few more corrections in this stock will bring investment opportunities. Tata Motors has witnessed tremendous growth. Right now, the stock will rally for some time. Later, this stock can also bring great profits. Later, this stock can also bring great profits. Investors can maintain a positive outlook on these three stocks in the auto sector.
