The auto sector witnessed a mixed performance during the trading week from November 24 to November 29, 2024. While electric vehicle and passenger car companies showed significant gains, some traditional players, including two-wheeler and commercial vehicle manufacturers, faced declines.
Top Performers in Auto sector:
- Ola Electric Mobility emerged as the best performer this week with an impressive 22.05% gain, closing at ₹87.25. The stock’s surge highlights growing interest in electric mobility amid a push for green energy.
- Hyundai Motor India recorded a 3.96% rise, ending at ₹1,911.00, reflecting strong demand in the passenger car segment.
Bottom Performers in Auto sector:
- Bajaj Auto faced the sharpest decline in the sector, losing -5.83% to close at ₹9,029.80. Weak demand and competition in the two-wheeler market likely contributed to this dip.
- Eicher Motors, another two-wheeler manufacturer, declined -3.46%, ending the week at ₹4,832.20.
Weekly Performance of Auto Sector Stocks:
| Stock Name | Current Price (₹) | Weekly Change (₹) | Weekly Change (%) |
|---|---|---|---|
| Ola Electric Mobility | 87.25 | +15.76 | +22.05% |
| Hyundai Motor India | 1,911.00 | +72.85 | +3.96% |
| Ashok Leyland | 231.70 | +0.45 | +0.19% |
| Maruti Suzuki India | 11,081.15 | -113.85 | -1.02% |
| Hero Motocorp | 4,765.00 | -64.00 | -1.33% |
| Tata Motors | 787.35 | -20.50 | -2.54% |
| Eicher Motors | 4,832.20 | -172.95 | -3.46% |
| Mahindra & Mahindra | 2,973.60 | -140.70 | -4.52% |
| Bajaj Auto | 9,029.80 | -558.85 | -5.83% |
The week underscores the strength of electric and passenger vehicle stocks, as seen in Ola Electric Mobility and Hyundai Motor India, while market challenges for traditional two-wheeler and commercial vehicle manufacturers such as Bajaj Auto and Eicher Motors persisted.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own research or consult a financial advisor before making investment decisions.
