The auto sector showed mixed performance in early trade today, with select stocks gaining on optimism around sales growth, while others saw mild profit booking.
Stock Performance (as of 10:34 AM):
- Ola Electric: ₹75.19, up ₹1.94 (+2.65%)
- TVS Motor: ₹2,296.30, up ₹45.80 (+2.04%)
- Ashok Leyland: ₹210.69, up ₹4.01 (+1.94%)
- Tata Motors: ₹778.10, up ₹14.50 (+1.90%)
- Hyundai: ₹1,808.90, up ₹13.40 (+0.75%)
- Eicher Motors: ₹5,111.45, up ₹29.55 (+0.58%)
- Maruti Suzuki: ₹11,981.85, up ₹34.45 (+0.29%)
- M&M (Mahindra & Mahindra): ₹2,963.65, up ₹3.40 (+0.11%)
- Bajaj Auto: ₹8,565.20, down ₹12.80 (-0.15%)
- Hero MotoCorp: ₹4,095.85, down ₹16.05 (-0.39%)
Market Insights:
- Top Gainers:
- Ola Electric and TVS Motor led the gains, reflecting positive sentiment around electric vehicle sales and market expansion.
- Ashok Leyland and Tata Motors also saw strong buying interest, likely driven by expectations of commercial vehicle demand growth.
- Underperformers:
- Bajaj Auto and Hero MotoCorp declined as investors booked profits after recent rallies.
- Sector Sentiment:
- The auto sector remains under focus, driven by the recovery in domestic demand, festival season performance, and growth in EV adoption.
Overall, the sector displayed resilience, with gains concentrated in electric and commercial vehicle stocks, while traditional two-wheeler manufacturers faced slight pressure.
Disclaimer: This report is for informational purposes only and should not be considered as financial advice. Please consult your financial advisor before making any investment decisions.
