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Stocks of major automobile companies are likely to continue their positive run next week as well as festive sales are expected to bring cheer to the stocks. Domestic automobile manufacturers on Thursday had reported strong October sales as new launches and festive season sales showed renewed positive sentiment in to the market, catalysing the stocks of Indian automobile manufacturers. While Maruti Suzuki is likely to see a flat trade, Tata Motors is likely to be positive. The investors will also take cues from Jul-Sep earnings and management commentary. Tata Motors will detail its Jul-Sep earnings on Wednesday, followed by Ashok Leyland on Thursday.
