5 Auto And Logistics Stocks Where HDFC Securities See Up to 30 Percent Upside

Even as sectoral indices too lost in the global sell-off on October 15, 2020, the Nifty Auto pack was in the initial trade on Friday was firm on hopes of gaining demand as the festive season begins shortly. Also, we have already seen demand coming to pre-Covid levels in passenger vehicle, two-wheeler as well as the logistics space. The space saw resilience with Nifty Auto jumping 20 percent in comparison to 9 percent jump on the Nifty index in the just ended quarter.

Now HDFC Securities opines that gains on the stock prices will derive traction from retail trends during the festive season, sustained volume from rural segment, increasing inclination to opt for personal mobility solution, expectations of supportive government initiatives and structural reforms announced for the Agri sector. And now, amid the recovery in demand, market leadership position as well as broad based presence, HDFC Securities has a 'buy' recommendation on some of these 5 autos and logistics stocks.

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