Shares of vehicle manufacturers were climbing on Monday's session, after a number of automaker companies reported higher sales numbers for February 2025
In 2015, Tata Motors cracked by 54% following a sharp 776% rally on the BSE & NSE. This time around the correction came after 562% surge; will history repeat itself as the stock searches for a bottom?
While management remains optimistic about near-term demand and has completed channel inventory rationalization, regaining lost market share will be critical, according to analysts.
Auto Stocks Today: The FY26 outlook for passenger vehicles is "extremely cautious" as affordability remains difficult. Besides, weak rupee has increased input costs
Thus far in February 2025, the stock surged 15% after the company registered a 10.5% YoY growth in exports in January 2025 on the back of stable demand for its products in the overseas markets.
On the bourses, at 12:45 PM, Maruti Suzuki share was trading 0.21 per cent lower at Rs 11,965.15 per share. In comparison, BSE Sensex was trading 1.01 per cent higher at 76,128 levels
On the bourses, Bajaj Auto shares settled 0.28 per cent lower at Rs 8380.35. In comparison, BSE Sensex closed 1.08 per cent lower at 75,366.17, on January 27, 2025
Hero Moto, Tata Motors and Bharat Forge are the worst hit as shares trade at over 20% discount against the long-term moving average. Maruti, Bosch, Bajaj Auto stock could dip another 11%.
Eicher Motors said it has launched some category-defining motorcycles through the year and it is encouraging to see the response to its recently launched motorcycles both in India and int'l markets.
Technical charts show the Nifty Auto index can potentially rally another 10% to 26,180 levels; while select stocks such as M&M, Tata Motors and Ashok Leyland can surge up to 15%.
The previous session closed out 2024 with mixed sentiments. Despite a strong recovery from intraday lows, the benchmarks ended in the red, weighed down by losses in IT & select banking shares
After rallying up to 88% in 2024, Bajaj Auto and Hero MotoCorp have declined up to 33% from their respective peaks in the last 3 months. Is it time to buy these stocks or wait for further fall?
Stock Market Today: The Nifty IT Index is facing mixed sentiments post the recent Accenture earnings, which might uplift IT stocks temporarily. However, a closer look at the charts suggests caution
