Auto sector shares: Eicher Motors surges 8%, Maruti Suzuki up 5.52%, and Ashok Leyland gains 5%

As of 2:42 PM, the auto sector continues to demonstrate significant gains, with several stocks hitting impressive highs. Below is a comprehensive table detailing the performance of key players:

Stock Price (₹) Change (₹) Change (%)
Eicher Motors 5,274.85 +389.55 +7.97%
Maruti Suzuki 11,826.90 +618.60 +5.52%
Ashok Leyland 233.93 +11.11 +4.99%
M&M 3,206.00 +124.00 +4.02%
Bajaj Auto 9,070.45 +329.90 +3.77%
TVS Motor 2,481.65 +75.05 +3.12%
Hero MotoCorp 4,311.85 +127.50 +3.05%
Hyundai 1,824.55 +25.15 +1.40%
Tata Motors 761.75 +12.50 +1.67%
Ola Electric 85.97 -0.25 -0.29%

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Fund Recommendations

Among these stocks, Maruti Suzuki and M&M stand out due to their inclusion in fund house recommendations:

  1. Citi on Maruti Suzuki: Maintains a Buy rating with a target price of ₹13,500, driven by robust domestic and export volume growth.
  2. Citi on M&M: Maintains a Buy rating with a target price of ₹3,520, highlighting sustained momentum in utility vehicles and tractor sales.

Market Highlights

  • Eicher Motors leads the sector, soaring by 7.97% to ₹5,274.85, showcasing robust investor confidence.
  • Maruti Suzuki follows closely, recording a 5.52% rise to ₹11,826.90, supported by strong sales volumes.
  • Ashok Leyland shows a notable 4.99% increase to ₹233.93, continuing its bullish trend.
  • Ola Electric, however, saw a minor decline of 0.29% to ₹85.97, maintaining its position on the negative side.

Outlook
The auto sector’s performance remains optimistic, backed by strong fundamentals, rising demand, and favorable fund house ratings for key players like Maruti Suzuki and M&M.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.