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On a medium-term outlook, we prefer 2W OEMs over PV and Tractor; and remain cautiously positive on the CV space. We continue to prefer Hero Motocorp in the 2W segment; and M&M (non-coverage) as a play in the PV/LCV/tractor segment.
Asian markets are trading mixed as they started with a data-heavy week with investors focused on economic readings from several countries, including Japan, South Korea and China. Nikkei traded lower by 0.33%, whereas Shanghai and Hang Seng traded higher by 0.57% and 0.94% respectively
we recommend the following stocks: HDFC Bank, ICICI Bank, Dalmia Bharat, State Bank of India, HCL Tech, Lupin, Aurobindo Pharma, Healthcare Global, Varun Beverages, Gravita India, Bharti Airtel, Chalet Hotel, J Kumar Infra, Prestige Estates, Sansera Engineering, and Cholam