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Economic Times
16-07-2025
- Automotive
- Economic Times
Positive on auto, expect rate cuts to revive PV, two-wheeler sales: Varun Goel
Synopsis Varun Goel anticipates growth in the auto sector due to monetary easing and expected rate cuts, benefiting passenger car and two-wheeler sales. Tractor companies are favored by a positive monsoon, while premium motorcycles and SUVs thrive due to premiumization. Goel is selectively positive on the chemical sector, favoring specialty chemicals and battery-related chemicals. Varun Goel, Senior Fund Manager, Mirae Asset Investment Managers, says the auto sector is poised for growth due to monetary easing and anticipated rate cuts, which are expected to lower EMIs and boost sales in both passenger car and two-wheeler segments. A positive monsoon is favoring tractor companies, while premium motorcycles and SUVs continue to thrive due to the ongoing premiumization trend in the Indian market. ADVERTISEMENT What is your view on the entire auto pack? Lots have happened with Nifty Auto on Tuesday. It is the top sectoral gainer. Hero Moto has been outperforming the market. Plus there was Tesla's entry into India with a Mumbai showroom. Where do you see auto as a pack headed? Varun Goel: As far as auto is concerned and for that matter other various cyclical sectors, the growth outlook should get better because of the significant monetary easing that we have seen so far this financial year and with inflation data continuing to remain benign, we expect further rate cuts in the future. Our view is as EMIs are reduced both for home loans and auto loans, the auto sector should benefit. We expect a revival in sales as far as the passenger car industry is concerned. Even on the two-wheeler side, sales growth should improve as we approach the festive season. We like companies in the tractor space considering that the monsoon continues to be good. The higher-end motorcycle and SUV spaces also continue to do well as the premiumisation story in the Indian vehicle market continues to play out. So, we maintain a constructive stance on the auto space going forward. Rural slump ends India's four-year auto sales run, exports hit record high The other pocket that is doing well is the chemical pack and Rallis India came out with a very good set of numbers. What is your analysis on the chemical pack because, of late, a lot of these stocks are showing momentum but do you like any particular pocket within that? Varun Goel: As far as the chemical sector is concerned, we have seen almost three years of down cycle. Post Covid, the Chinese supply came back in a very significant manner because of which there was pressure both on realisations and volume growth. Incrementally, we would be more positive on specialty chemical names. Companies which are in the battery chemical space and which are focusing on creating electrolytes and other battery related chemicals, is a niche theme that is expected to do well. Some of the water treatment and purification related chemicals is also a theme which looks interesting and so we would be positive on the sector in a selective manner. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
16-07-2025
- Automotive
- Time of India
Positive on auto, expect rate cuts to revive PV, two-wheeler sales: Varun Goel
Varun Goel , Senior Fund Manager, Mirae Asset Investment Managers , says the auto sector is poised for growth due to monetary easing and anticipated rate cuts, which are expected to lower EMIs and boost sales in both passenger car and two-wheeler segments. A positive monsoon is favoring tractor companies, while premium motorcycles and SUVs continue to thrive due to the ongoing premiumization trend in the Indian market. What is your view on the entire auto pack? Lots have happened with Nifty Auto on Tuesday. It is the top sectoral gainer. Hero Moto has been outperforming the market. Plus there was Tesla's entry into India with a Mumbai showroom. Where do you see auto as a pack headed? Varun Goel: As far as auto is concerned and for that matter other various cyclical sectors, the growth outlook should get better because of the significant monetary easing that we have seen so far this financial year and with inflation data continuing to remain benign, we expect further rate cuts in the future. Our view is as EMIs are reduced both for home loans and auto loans, the auto sector should benefit. We expect a revival in sales as far as the passenger car industry is concerned. Even on the two-wheeler side, sales growth should improve as we approach the festive season. We like companies in the tractor space considering that the monsoon continues to be good. The higher-end motorcycle and SUV spaces also continue to do well as the premiumisation story in the Indian vehicle market continues to play out. So, we maintain a constructive stance on the auto space going forward. The other pocket that is doing well is the chemical pack and Rallis India came out with a very good set of numbers. What is your analysis on the chemical pack because, of late, a lot of these stocks are showing momentum but do you like any particular pocket within that? Varun Goel: As far as the chemical sector is concerned, we have seen almost three years of down cycle. Post Covid, the Chinese supply came back in a very significant manner because of which there was pressure both on realisations and volume growth. Incrementally, we would be more positive on specialty chemical names. Companies which are in the battery chemical space and which are focusing on creating electrolytes and other battery related chemicals, is a niche theme that is expected to do well. Some of the water treatment and purification related chemicals is also a theme which looks interesting and so we would be positive on the sector in a selective manner. You Might Also Like: Don't peg your expectations from market too high; look for growth stories: Shreyas Devalkar Q1 earnings trend so far does not point to big growth recovery this quarter: Ashi Anand
Time of India
20-06-2025
- Business
- Time of India
Bet on Hero Moto, Swiggy; go for Gold BeES in an uncertain market: Rahul Sharma
Rahul Sharma , Director & Head - Technical & Derivatives Research, JM Financial Services , suggests keeping an eye on Nifty levels of 24,450 and 24,200. Sharma advises hedging portfolios with Gold BeES amid geopolitical instability. Gold is expected to perform well during war escalations. Investors should consider increasing positions in Gold BeES ETF for diversification. Hero Moto and Swiggy are identified as promising stocks for long-term investment. These stocks show potential for growth. Looking at the market, what are the specific picks that you have for our viewers today? Rahul Sharma: It is an interesting time for the market. We are seeing Nifty exhibiting range-bound trade. We are seeing crude oil jumping up. Gold has started rallying and war is something that the market is keeping a close eye on. So, in case the escalations do happen, we expect volatility to creep back into the markets. Keep an eye on these two levels of the Nifty, the first one is 24,450 and the second one is 24,200. As long as these two levels are intact, the range bound scenario should continue. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Baca Undo In case you want to hedge your portfolio, we are advising clients to get into Gold BeES. Whenever there has been geopolitical instability or whenever there has been escalations on the warfront, gold has been a saviour and this time around also we expect it to be the same. As a hedge, one can look to increase positions or add positions on gold BeES which is an ETF, essentially gives a diversification on the asset class and apart from that, the two stocks that look good on the long side are Hero Moto and Swiggy. Hero Moto has been consolidating around the Rs 4350-4400 mark since the last few days and we feel structurally the stock is still pretty strong. One can look to buy at these levels for a target of Rs 4775, even Rs 4,800 and a stop loss can be placed at Rs 4149. So, Hero Moto is the one stock that we are recommending to clients. Apart from that, Swiggy is another trade which we are advising clients to buy in delivery. The stock can be bought at these levels for a potential upside target of Rs 400 on the upside in the short term and stop loss can be placed at 365. These are the two ideas that can be initiated apart from the gold BeES investment that we have recommended, especially given the next 10-15 days where the uncertainty is at its peak. Live Events You Might Also Like: If West Asia conflict spreads and oil pips $80, it will upset the apple cart for Indian & Asian equities: David Chao What is your take on the overall auto pack because after a while we are seeing this sector making a comeback. Hero MotoCorp is one of your preferred bets, but other than that, even Eicher Motors , the top gainer in Nifty 50, M&M, Bajaj Auto counters are bucking the trend after a while now. Rahul Sharma: Yes, you nailed it. In fact, we are seeing some green shoots on the auto side. So, to begin with, it is a two-wheeler auto space which is exactly the reason why we are recommending Hero Moto. Even Eicher Motors is looking pretty good on the charts. We feel that Rs 5,700-5,800 is very much on the cards provided the Nifty does not really get into a throw down mode from the current range bound setup. Eicher looks good from these levels. It can be bought at Rs 5,400 and overall we feel that auto pack at least is showing some signs of green shoot. From the four-wheeler auto pack, M&M looks formidable and this can head its way to a relatively smaller target around Rs 3,200. We are expecting this in the short term. We are advising clients to be very stock specific and at the same time unless and until, Nifty does not come out of this range-bound setup, it is best to avoid leverage positions and stay in cash or to delivery-based investments. You Might Also Like: How should you place your bets as Nifty makes a U-turn from 25,000? Vinay Rajani answers Markets in a sideways zone and looking at West Asia development, tariff deadline: Dipan Mehta
