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Are Auto Companies Running Out of Gas?
Oct 19, 2018


2018 hasn't been good for stalwart auto and auto ancillary companies. No wonder the BSE Auto index is down 23% this year.

Today's chart shows how India's big auto companies have fared this year.

The biggest losers are Tata Motors (down 57%) and Motherson Sumi (down 34%).

Others like Maruti Suzuki, Hero Motocorp, Bajaj Auto have fallen between more than 20%.

So, is this a good time to buy select auto stocks?

Kunal and I at Smart Money Secrets certainly think so.

Richa Agarwal, editor of Hidden Treasure, agrees with us.

With the recent correction in the entire auto space, she initiated a coverage on engine manufacturer this month. This company enjoys the benefits of a strong brand and a supportive parent.

Also, one of Richa's earlier 'buy at lower level' recommendations has now become a 'Buy' recommendation.

As per her forecast, there is an upside potential of more than 50%.

She sent a special update in this regard. Hidden Treasure subscribers can access it here.

If you haven't signed up for Hidden Treasure, you can do so here.

Data Source: Ace Equity

This Chart Of The Day was published in The 5 Minute WrapUp - We'll Say This Again... It's the Right Time to Buy Select Auto Stocks

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