Page 11 - Auto Stocks

Hero MotoCorp rallies 4%; company announces price hike from July 1

The company said the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices

'Markets have not hit the bottom yet; select banks, autos attractive'

Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities

Rate sensitive shares trade firm after RBI hikes repo rate by 50 bps

The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.

Investors book profit day ahead of RBI policy outcome; Sensex falls 568 pts

CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points

This automobile stock has zoomed 77% in three weeks; nears decade high

Hindustan Motors was locked at 5% upper circuit at Rs 17.35 after 11.68 million equity shares changed hands till 10:15 am

M&M hits new high; rallies 12% in three days on healthy demand prospects

While the outlook for tractors has improved, analysts expect the auto business to be the key growth driver over the next couple of years.

BSE Auto index hits over 3-mth high; M&M at record high, Tata Motors up 3%

Analysts at Emkay Global Financial Services retain their positive view on the auto sector, underpinned by expectations of a cyclical upturn in the next three years.

Mahindra & Mahindra rallies 4%, hits 52-week high post Q4 results

Given the recent fiscal and monetary measures by Government of India and RBI, the company's management foresees the cost pressures in the economy to ease out.

Analysts bullish on auto stocks amid govt. measures on fuel, steel price

At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices

Auto stocks buck downbeat market trend in May; charts suggest further gains

Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

At 2022 lows: Auto stocks pick up speed, tech on collision course

Meanwhile, IT stocks dominated the worst-performing list, with Tech Mahindra and Wipro dropping nearly 20 per cent apiece

Nifty Auto tests 200-DMA; TaMo, Maruti can rally up to 11%, charts show

The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.

Greaves Cotton zooms 11% as company's E-Mobility biz turns profitable in Q4

However, despite of today's rally the stock has underperformed the market by declining 28 per cent in the past one month as against a 8 per cent fall in the Sensex.

Hero MotoCorp up 5% on hopes of healthy business outlook

With the economy picking up, the management expects the demand for motorcycles and scooters to see a positive turnaround in the coming months.

Varroc zooms 20% on divestment plan of 4W lighting biz in US and Europe

The company believes that the divestment is part of company's strategy to align its resources with the high value and high growth primary markets in China, India, and two-wheeler sector globally.

Maruti Q4 preview: Experts eye 35-40% YoY rise in PAT despite chip shortage

Analysts anticipate revenue growth of 10-11 per cent YoY driven by price hikes taken over the last few quarters, including two rounds of price hikes taken this year to offset input cost rise.

Bajaj Auto Q4 preview: Will subdued vols, high input cost dampen results?

Analysts expect revenue to decline by 11-12 per cent year-on-year (YoY) in Q4, marked by decline in volumes and surge in average selling price due to steep price hikes taken over the last few quarters

Mahindra CIE surges 13% on stable operational performance in March quarter

In Q1, standalone EBITDA margin improved 310 basis points (bps) to 15.5 per cent from 12 per cent in Q4.

M&M soars 33% from 52-week low on hopes of steady performance

Analysts expect strong volume outlook on the back of a robust order book in autos and new product launches across segments.