The auto sector showed strong performance in early trading today, with key stocks witnessing gains across the board. Here’s a detailed look at the top performers:
| Stock | Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| Ashok Leyland | 230.98 | +8.16 | +3.66% |
| Maruti Suzuki | 11,543.40 | +335.10 | +2.99% |
| M&M | 3,169.00 | +87.00 | +2.82% |
| TVS Motor | 2,456.70 | +50.10 | +2.08% |
| Eicher Motors | 4,952.65 | +67.35 | +1.38% |
| Bajaj Auto | 8,838.00 | +97.45 | +1.11% |
| Hero MotoCorp | 4,214.00 | +29.65 | +0.71% |
| Tata Motors | 752.75 | +3.50 | +0.47% |
| Ola Electric | 85.92 | -0.30 | -0.35% |
Fund Recommendations
Among the highlighted stocks, Maruti Suzuki and M&M are key names in fund house recommendations:
- Citi on Maruti Suzuki: Maintains a Buy rating with a target price of ₹13,500, supported by strong domestic and export volume growth.
- Citi on M&M: Maintains a Buy rating with a target price of ₹3,520, citing sustained volume momentum in utility vehicles and tractors.
Key Trends in the Sector
- Maruti Suzuki and M&M continue to lead the sector with consistent volume growth and strong fundamentals.
- Bajaj Auto benefited from export recovery in the three-wheeler segment, rising 1.11% to ₹8,838.00.
- Hero MotoCorp maintained moderate growth, up 0.71% to ₹4,214.00.
- Tata Motors showed steady gains, climbing 0.47% to ₹752.75.
The auto sector remains a strong contender for growth, driven by robust domestic demand, recovery in exports, and new launches. Fund house backing for key players like Maruti Suzuki and M&M further solidifies investor confidence in this segment.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always consult a professional financial advisor before making any investment decisions.
