Stocks of automobile companies are seen tracking the broad market next week. Tuesday's annual general meeting of the country's largest carmaker Maruti Suzuki India Ltd will be eyed for any major announcements. Auto stocks are seen tracking the broad market in the coming week on lack of any stock-specific triggers. Some activity is likely in the last few trading sessions, as build-up is expected on monthly sales numbers due over the next weekend. Automakers will detail their monthly sales over the next weekend, and the numbers are eyed by the market for cues.
The market is also awaiting takeaways from the worker unrest-hit Maruti Suzuki's annual general meeting. Any major announcement by the management, especially regarding its proposed plant in Gujarat, will act as a trigger for the stock.
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