CLSA said auto stocks are fairly valued led by a sharp rally in the stock price. “Recovery in volume growth seen in the two-wheeler segment. Affordable Electric 2-W are likely to come as a drag in margins. Expect premium motorcycles to grow faster,” said the note.
ETMarkets Smart Talk: Growth vs Value – Sonam Srivastava on navigating the next leg of the market rally
While a soft landing remains a possibility, the market’s performance will depend on how effectively central banks navigate interest rate adjustments and how global economies