Buy Bajaj Auto, M&M, Hero MotoCorp, Tata Motors, Eicher Motors, other stocks: Jefferies
International brokerage firm analysts' research on auto sector concluded with a positive outlook for the Indian auto companies with a preference for 2Ws and tractors over PVs and trucks.
Jefferies on auto sector
Jefferies has expected that, over FY25-27, 2-wheeler & tractor volumes will grow at 13-15 per cent CAGR, and outpacing 5-8 per cent for PVs & trucks.
Auto stocks to buy for long term
Meanwhile, they (analysts) are bullish on eight Indian auto and sector component stocks, including Bajaj Auto, Mahindra & Mahindra, Hero MotoCorp, Tata Motors, and Eicher Motors.
M&M Share Price Target
Jefferies has maintained a 'buy' call on Mahindra and Mahindra (M&M) shares with a target of Rs 4,075.
Tata Motors Share Price Target
Jefferies has maintained a 'buy' rating on Tata Motors with a target of Rs 930.
Eicher Motors Share Price Target
Jefferies has maintained a 'buy' stance on Eicher Motors shares with a target of Rs 6,599.
Hero MotorCorp shares
They have maintained a 'buy' call on Hero MotorCorp shares with a target of Rs 4,900.
Samvardhana Motherson Share Price Target
Analysts have maintained a 'buy' stance on Samvardhana Motherson shares with a target of Rs 185.
TVS Motor Share Price Target
The brokerage has maintained a 'buy' rating on TVS Motor shares with a target of Rs 3,050.
Bajaj Auto Share Price Target
Jefferies has maintained a 'buy' call on Bajaj Auto shares with a target of Rs 10,350.
Sona BLW Precision Forgings Share Price Target
Jefferies has maintained a 'buy' call on Sona BLW Precision Forgings shares with a target of Rs 700.
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)