SBI Securities sees festive lift in auto sales, likes TVS and Bajaj
In short
SBI Securities says festive demand could help auto sales pick up in October and November. It prefers TVS Motor and Bajaj Auto, and is also positive on Polycab.
This matters for auto stocks and investors watching seasonal demand. The report does not give sales figures, targets, or details on how much demand may improve.
What the reporting says
SBI Securities expects festive demand to revive auto sales in October-November and says it prefers TVS Motor and Bajaj Auto, according to a publisher summary. The same report says the analyst is also positive on Polycab, selective on recent IPOs, and avoiding expensive technology stocks. No sales numbers or target prices were stated.
Why it matters
The call is a stock-picking view tied to expected festive-season demand, which could support vehicle makers such as TVS Motor and Bajaj Auto. It may also influence investor sentiment across auto and related consumer stocks. The available reporting does not state sales estimates, valuation numbers, or whether the view changed from prior guidance.