Goldman Sachs has refreshed its list of top stock picks in Asia to include two automotive stocks: India's Mahindra and Mahindra and Japan's Honda Motor . The stocks are featured on the investment bank's "Conviction List - Directors' Cut," which seeks to offer a "curated and active" list of buy-rated stocks.
Goldman has a 12-month target price of 3,600 Indian rupees on the stock, implying 25% potential upside. Honda In Japan, Goldman is bullish on Honda which it describes as "one of the few automakers that can maintain/expand its strong profit margins while making upfront investments in electrification and intelligent mobility.
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