Khodrocar - After a few volatile days, the capital market returned to the green circuit yesterday, with the share of automobiles in the growth of the index reaching its highest level. According to market experts, the share of automakers in the past months has not been profitable due to the closure of the symbol, and now with the positive developments in the industry, it is trying to regain its share of the capital market.
"Car stocks have always been known as the leaders of the capital market, but the stocks of this group, especially Iran Khodro and Saipa, have fallen victim to the bad market conditions in the past few days.” Mehdi Hajivand, chief expert of stock market told khodrocar reporter.
"Simultaneously with the reopening of the symbol of these shares, billions of dollars were bought for them, but since it coincided with the reform of the market and the index, it was affected by the negative psychological and emotional conditions of the market and the buying queues became negative. After a few days, they went through a negative trend that with the return of the market, the shares of automobiles also met with success and caused Iran Khodro to experience a queue of one billion purchases and Saipa to face good demand.” He added.
"It is expected that cars will continue to be at the forefront of the market next week, as carmakers have been growing since the beginning of this year due to the closure of the symbol and are now on the rise.” He said.
"Rising stocks are expected to continue to rise in the coming weeks, while real shareholders now have the highest demand for car stocks.” He added.
"When it comes to corporate bankruptcy, a review of financial statements shows a heavy debt burden on assets, so the firm is bankrupt, and Article 141 of the Commercial Code requires that it be dismantled to balance the balance sheet.” He mentioned.
"In this situation, at the same time with the revaluation of the company's assets, it is updated and the dollar spent in the company, which was one thousand tomans, is calculated with the current dollar price, so the company's assets increase and the debt and asset balance are equal. It is the right thing to do and it is necessary to be realized in economic enterprises and one of the demands of economic activists and the capital market.” He said.
"Given the increase in capital from the revaluation and the growth of stock prices since the growth of the capital market two months ago, it is expected that next week will be a positive week for car stocks.” He said finally.