Auto Stocks offer good risk reward as per CLSA, but its top pick will outperform peers
CLSA attributed the correction in the auto sector to concerns about profitability amid commodity inflation, the risk that frequent price hikes could affect demand, and a valuation de-rating as growth normalises following the goods and services tax (GST) rate cuts.
CLSA attributed the correction in the auto sector to concerns about profitability amid commodity inflation, the risk that frequent price hikes could affect demand, and a valuation de-rating as growth normalises following the goods and services tax (GST) rate cuts.
What's Your Reaction?
