
The auto sector displayed a mixed performance during the morning trade, with some stocks edging higher while others faced pressure. Here’s the detailed performance:
- TVS Motor rose 0.29% to ₹2,299.70, supported by positive sentiment in two-wheeler sales.
- Olectra Greentech (OLAEL) inched up marginally by 0.03% to ₹76.35.
- Tata Motors declined 0.81%, trading at ₹768.10, amid selling pressure.
- Eicher Motors slipped slightly by 0.08%, trading at ₹5,012.65.
- Hyundai India saw a marginal dip of 0.11%, settling at ₹1,780.50.
- Maruti Suzuki dropped by 0.89%, trading at ₹11,913.50, as investors booked profits after recent gains.
- Mahindra & Mahindra (M&M) declined 1.27% to ₹2,851.40, continuing its recent downtrend.
- Bajaj Auto was down by 0.81%, trading at ₹8,475.00.
- Hero MotoCorp witnessed a decline of 0.94%, trading at ₹4,053.75.
- Ashok Leyland recorded the largest drop in the sector, falling 1.77% to ₹205.52.
Sector Outlook:
The auto sector continues to navigate through challenges such as rising input costs and fluctuating demand. Investors are closely monitoring retail sales, government policy announcements, and macroeconomic factors for further cues.
(Data as on 10:30 AM)
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any trading decisions.