Stocks

investors guide: Listen In: Time to hike allocation to auto stocks?

Hello, you have tuned into ETMarkets Investors’ Guide, a show about asset classes, investment ideas and market trends. I am Nikhil Agarwal.

With a 9% rally, Maruti Suzuki ended up being the top Sensex performer last week as investors lapped up shares of India’s largest car maker after a superb show in its Q2. Nifty Auto has anyways been the top performer so far in the calendar year 2022 with a rally of over 20%. Will this momentum sustain?

To discuss this and more, let’s talk to Mr Rajiv Nagpal, Head of Research and Market Products at ET in today’s special podcast.

Welcome to the show Mr Nagpal.

1) Maruti Suzuki managed to surprise the Street with a four-fold rise in its Q2 net profit. Its pending order book of over 4 lakh vehicles also indicates a lot about the potential in the next quarter. So is it time to hike allocation to auto stocks?

2) After going through the numbers and management commentary of some of the FMCG majors that have announced their quarterly numbers, do you see some signs of inflationary pressure easing?

3) Do you think it makes sense to be a contra buyer in IT stocks amid the selloff from a long-term perspective? Are valuations in largecap IT stocks attractive enough?

Thank you Mr Nagpal. That’s all in today’s special podcast. But do keep checking this space for more such interesting content. Good bye!


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