Maruti, Hyundai emerge as preferred auto picks in expected four-wheeler catch-up rally

Coherent Wealth’s Aditya Agarwal expects investor rotation from recently rallying two-wheeler stocks into passenger-vehicle makers. He names Maruti Suzuki and Hyundai as preferred picks, with Maruti seen breaking out after consolidation.

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Reported figures

From the report. Source details below

Two-wheeler stocks gained roughly 15-20% over the past 15-20 days
Maruti target range: Rs 14,800-Rs 15,200
Maruti entry-on-dips range: Rs 13,800-Rs 13,750
Maruti stop loss: Rs 13,600

The source

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