The effectiveness of the automotive industry from the price of currency is not hidden from anyone, and this issue, in addition to the supply chain, affects the automakers' stocks and benefits them from decreasing or increasing the price of the dollar.
Khodrocar - Currency price is one of the parameters affecting the country's economy, including the stock market, which has entered a new phase with the reduction of the exchange rate, because due to its pervasiveness, it includes various sectors, including automobiles, and since the supply chain of this industry They are also affected in some way by the price of the currency, or they are in the ranks of export companies, or they supply their raw materials through imports. The decrease in the exchange rate will eventually affect the shares of these companies.
"According to some estimates, more than three thousand thousand billion tomans of liquidity is in the hands of the people, which based on economic and political conditions and the pulses that are given, are transferred to different areas such as currency, coins, cars, housing and stock exchanges.” Arash Mohebi Nejad, secretary of part makers association told khodrocar reporter.
"Such an approach is not appropriate at the community level, and this amount of liquidity should move to the productive sectors of society. If the political and economic stability prevailing in the market is established, the stock value of companies that made most of their initial purchases in dollars The final was sold in rials, it becomes more valuable.” He added.
"Automakers and their supply chains are the most prominent part of these companies, because they buy most of the raw materials they need, even in the domestic market, in dollars, but sell the final product in rials. In this case, the cost of their product decreases and the value of their company increases.” He said.
"Fundamental and technical analysis of experts (technical) also confirms this, those who act professionally in the stock market and avoid emotional actions, know that the impact of market stability on the productive industries, including Automotive is much more and investing in these stocks can be more rewarding.” He mentioned.
Recently, Ahmad Nematbakhsh, the secretary of the Automobile Manufacturers Association, said about the decrease in the exchange rate on the cost price of cars that with the decrease in the exchange rate, of course, production costs also decreased and the automaker lost money and may achieve a minimal profit. Slowly these conditions will eventually lead to the growth of automakers' stocks.
"According to some estimates, more than three thousand thousand billion tomans of liquidity is in the hands of the people, which based on economic and political conditions and the pulses that are given, are transferred to different areas such as currency, coins, cars, housing and stock exchanges.” Arash Mohebi Nejad, secretary of part makers association told khodrocar reporter.
"Such an approach is not appropriate at the community level, and this amount of liquidity should move to the productive sectors of society. If the political and economic stability prevailing in the market is established, the stock value of companies that made most of their initial purchases in dollars The final was sold in rials, it becomes more valuable.” He added.
"Automakers and their supply chains are the most prominent part of these companies, because they buy most of the raw materials they need, even in the domestic market, in dollars, but sell the final product in rials. In this case, the cost of their product decreases and the value of their company increases.” He said.
"Fundamental and technical analysis of experts (technical) also confirms this, those who act professionally in the stock market and avoid emotional actions, know that the impact of market stability on the productive industries, including Automotive is much more and investing in these stocks can be more rewarding.” He mentioned.
Recently, Ahmad Nematbakhsh, the secretary of the Automobile Manufacturers Association, said about the decrease in the exchange rate on the cost price of cars that with the decrease in the exchange rate, of course, production costs also decreased and the automaker lost money and may achieve a minimal profit. Slowly these conditions will eventually lead to the growth of automakers' stocks.
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