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The high exchange rate, and incresed duty on vehicles will have a huge impact on Motor Sector Revenue in comming quarters. Due to the decreasing motor sales companies in the business will get blocked with the import lines with the banks.
So the areas that will impact on the profit on the bottom side is exchange Losses and interst cost apart from the falling revenue
So we have to see how the share price of this sector is going to move in comming days
If you see a sudden upward trend, paly cautiously
So the areas that will impact on the profit on the bottom side is exchange Losses and interst cost apart from the falling revenue
So we have to see how the share price of this sector is going to move in comming days
If you see a sudden upward trend, paly cautiously
