Auto pack is experiencing a downtrend: Maia Financial Services
Hemant Kale, MD, Maia Financial Services Pvt, in a chat with ET Now talks about the auto pack.
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| Maruti and M&M have been under selling pressure. Does it look like they could face some more in the near term?
Auto pack as such is experiencing a downtrend. What we are now getting is a technical bounce back in the auto segment. Most of the stocks except Bajaj Auto, which is still running into a major uptrend, are all experienced in this bounce back. So what I would like to basically focus on is instead of more on the large caps in the auto segment there is this tyre segment which looks a little attractive where we have Apollo Tyres and Goodyear Tyres which are good on the charts.
Auto pack as such is experiencing a downtrend. What we are now getting is a technical bounce back in the auto segment. Most of the stocks except Bajaj Auto, which is still running into a major uptrend, are all experienced in this bounce back. So what I would like to basically focus on is instead of more on the large caps in the auto segment there is this tyre segment which looks a little attractive where we have Apollo Tyres and Goodyear Tyres which are good on the charts.
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