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The Indian automobile sector witnessed a broad-based rally in the past week with the 15-stock Nifty Auto index outperforming the broader Nifty50, and has given over 28% returns in the 12-month period. Aamar Deo Singh, Head Advisory at Angel One recommended investors book part profits and trail the balance as short-term indicators in Nifty50 are displaying fatigue at higher levels, and profit-booking is possible. Top brokerages, including BNP Paribas, JM Financials and LKP Securities, advise a stock-picking strategy to investors. The firms remain positive on the sector, with LKP, recommending Maruti Suzuki, M&M, Ashok Leyland, TVS Motor and Bajaj Auto stocks as their preferred picks.
Today's Financial News Summary of India
Issue 12 - Nov 2012 by AutoLife (Nepal) - Issuu
Autonomous Truck sets Course for the Motorway
Maruti Suzuki remains top seller in PV segment; Tata Motors emerges leader in CV sales: FADA - BusinessToday
M&M, Tata Motors aim to bolster product range, manage chip shortage effectively next year
TATA MOTORS OFFERS HILL START ASSIST (HSA) FOR ENHANCED SAFETY & LOWER MAINTENANCE COSTS
car sales: Fantastic four - Hyundai, Tata, M&M and Toyota - fire up Motown, drive into record books - The Economic Times
Observer & Buisness 2 Oct 2012 - Oman Daily Observer
Tata Motors, Maruti Suzuki, M&M, Hero Moto, AL: Auto stocks that analysts like ahead of Aug sales data - BusinessToday
TTI's Manser promoted to Director of the Center for Transportation Safety
Can hydrogen be the sustainable fuel for mobility in India in the global context? - ScienceDirect
A car in every price point: Maruti, Hyundai, Tata, M&M and the art of product positioning