Auto Stocks Outlook for the week (14-18.01.2013)
www.rupeedesk.in
Stocks of frontline automobile companies will take cues from the companies' Oct-Dec earnings and will also track the broad market in the week starting Monday. The market will keenly eye the inflation data due Monday for further cues. The inflation figure is important for investors in the run-up to the Reserve Bank of India's monetary policy review, due on Jan 29. Hero MotoCorp will announce its earnings on Jan 17 and Bajaj Auto on Jan 16. Bajaj Auto is expected to report a 3% growth in net profit to 8.19 bln rupees while sales for the company are seen rising 11%.
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