“We are already seeing Reliance Retail being a beneficiary of the electrolyzer or new segments where they are looking to play the entire spectrum. So triggers are in place for the stock to do well. Valuation of Reliance Retail is a bit negative according to us.”
In the last one month as more and corners of Dalal street come under control of bulls, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
In Thursday s trade, shares of Eicher Motors fell over 3% to Rs 3,207. Analysts stated that HD X440 would rival the likes of Royal Enfield s RE Classic 350 and Hunter 350. HD X440 costs 13% more than the Eicher Mototrs s RE Classic 350, while it also comes with a larger 440CC engine.
Hero MotoCorp has launched the X440, a 440cc bike jointly developed with Harley-Davidson. The model has a sticker price starting from Rs 2.29 lakh, making it the most affordable product in Harley-Davidson s range. The move marks Harley-Davidson s entry into the mid-weight category for two-wheelers. Although Royal Enfield, known to make the desi Harleys, continues to dominate this motorcycle segment, it may face challenges from Harley-Davidson.
The Nifty Auto index has risen by nearly 29% in the past one year. Further upsides would depend on volume growth, outlook on new launches and the pace of margin revival.