Why auto stocks are down despite government's relief measures | Ethical Research


  • The relief from depreciation will be substantial only for higher-value vehicles such as passenger and commercial vehicles
  • Barring the increase in depreciation by an additional 15%, there are hardly any measures that will lower the cost of vehicle ownership

Ethical Research Stock Tips



The Nifty Auto index, which opened 1.3% higher on Monday lost momentum within the first hour of trade. While it initially looked like the auto sector was among the main beneficiaries of the government's economic revival package, there are doubts if demand will still improve in the near term.

Want to know more related to market news then follow us on all social media platforms

For Free Trail - +91 9407533858
or mail us at:- support@ethicalresearch.co.in
or visit - http://ethicalresearch.co.in/



Comments

Post a Comment