Is weak Q3FY15 results in Auto sector telling something?

Swaraj Engines:

Bajaj Auto:

Munjal Auto:

Mahindra and Mahindra:

Maruti:

Barring Maruti aside almost no major company has posted good set of results. Good set of result from Maruti might be because of new launches in recent times.

It seems the market has gone up too much on basis of hope of economic turnaround. If we look at result of Auto sector, this hope fades away. Waiting more time for turnaround may lead to level of despair and sell-offs in stock market may be observed sooner or later. This is better time to prepare for crash and be ready with cash when opportune time comes.

However, we should not read too much from one quarter bad results. But preparing is always better.