Four out of five most-recommended auto stocks in the world are Indian, leaving behind the top carmakers like Volkswagen AG, Toyota Motor Corp., Ford Motor Co. and Honda Motor Co.
Mahindra & Mahindra Ltd. leads this chart with 40 out of 46 analysts tracked by Bloomberg having a ‘buy’ rating on the stock.
It’s followed by Maruti Suzuki Ltd., with 39 of 53 analysts rating India’s largest carmaker a ‘buy’. Tata Motors Ltd. is the next in line with 78 percent ‘buy’ calls.
Hyundai Motor Co. is the only global company in the top five. Eicher Motors completes the list, being the fifth most preferred auto stock.
Only companies with 20 or more ‘buy’ ratings were considered for the analysis
(https://www.bloombergquint.com/charts/2017/06/20/indian-auto-companies-mahindra-and-mahindra-more-preferred-than-volkswagen-toyota-2)
More will update soon!!
