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Hero MotoCorp, TVS Motor Ltd and Bajaj Auto Ltd may outpace peers in terms of sales in April, said Nuvama. Among PV OEMs, this brokerage expects M&M to outpace Tata Motors and Maruti Suzuki India.
Bajaj Auto, Eicher Motors: CLSA said it has downgraded Bajaj Auto and Eicher Motors to 'Sell' from 'Underperform' falling the recent rally as valuations are pricing in double-digit volume growth over the next few years, which is unlikely.
Jefferies likes plays on power sector such as Coal India Ltd and JSW Energy; two-wheeler makers such as TVS Motor Ltd and Eicher Motors, telecom operator Bharti Airtel and capital goods firms namely Adani Ports and Kajaria Ceramics.
Hero Moto, TVS Motor: TVS Emkay said every rupee reduction in prices of petrol/diesel would lead to 0.9 per cent reduction in the monthly running cost of four wheelers and two-wheelers.
Mutual funds were upbeat on recent debutant Tata Technologies. At the end of November, MFs owned Rs 1,120 crore worth 85 lakh Tata Technologies shares. Petronet LNG was another stock where MF monthly buying exceeded Rs 1,000 crore mark.