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Auto Sector Stocks


I am a regular reader of DSIJ and have benefited immensely because of your sound advice. Auto companies results have been soft in the latest quarter. Is this sector good for the long term? 

- Ashish Kulkarni 

Editor Responds: 

Thank you for writing to us. It is true that the auto sector has witnessed a soft recent quarter. However, the sector is good for the long term as market penetration in India remains low. The growing incomes, young population with high aspirations and improving infrastructure, combined with low oil prices means that the sector looks good for the long term. Keep writing to us.

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DSIJ Mindshare

Welspun India targets US markets with Target Corporation, board approves buyback & much more!

Geyatee Deshpande / Article rating: 4.5

In a press release, Welspun India stated that the company is set to work with Target Corporation in the USA to achieve business growth. Reacting to the announcements made post the meeting held of its board of directors, its stock jumped by more than 11 per cent. 

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