In the past year, the Nifty 50 index surged by approximately 26%, while the Nifty Auto index saw a remarkable rise of about 61%. All Nifty Auto stocks posted double-digit growth, with two stocks more than doubling investors’ wealth. Additionally, we have highlighted 11 stocks that gained over 30% during this period. (Data: ACE Equity) In Top Gear

Nifty Auto index up 61% in 1 year; 2 stocks double investors’ wealth - In Top Gear

At 14:30 IST, the barometer index, the S&P BSE Sensex was up 663.18 points or 0.82% to 81,713.18. The Nifty 50 index added 231.75 points or 0.93% to 25,027.50.

Market at day’s high; auto shares in demand

While Nomura and Emkay are still positive on the stock, Motilal Oswal retained its neutral rating.

Tata Motors Biggest Nifty Auto Loser After Jaguar Land Rover Sales Disappoint

Analyst Anand Tandon observes initial market fears due to recent IPO numbers and suggests waiting for market stability. He notes potential growth in banking, pharma, and IT sectors. Auto sector remains uncertain with high inventory levels. IT commentary may turn positive, while banking may face temporary slowdowns. Paint and cement sectors face challenges with new entrants and low capacity utilization.

Buy the dip? Not yet as we haven’t seen any significant valuation gap: Anand Tandon

According to figures from the Federation of Automobile Dealers Associations, Honda Motorcycle and Scooter India sold 62,537 more motorcycles and scooters than Hero MotoCorp in September 2024

Honda overtakes Hero MotoCorp in 2W retail sales ahead of festive season

TVS Motor Company Ltd is quoting at Rs 2639.6, down 1.78% on the day as on 13:19 IST on the NSE. The stock jumped 73.37% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.

TVS Motor Company Ltd drops for fifth straight session

Maruti Suzuki India Ltd is quoting at Rs 12412.95, down 1.53% on the day as on 13:19 IST on the NSE. The stock jumped 21.16% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.

Maruti Suzuki India Ltd eases for fifth straight session

Samvardhana Motherson International Ltd is quoting at Rs 197.99, down 1.46% on the day as on 13:19 IST on the NSE. The stock jumped 118.89% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.

Samvardhana Motherson International Ltd slips for fifth straight session

Bajaj Auto Ltd is quoting at Rs 11606.6, down 1.43% on the day as on 13:19 IST on the NSE. The stock jumped 131.79% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.

Bajaj Auto Ltd eases for fifth straight session

Eicher Motors Ltd is quoting at Rs 4664.85, down 0.89% on the day as on 13:19 IST on the NSE. The stock jumped 35.39% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.

Eicher Motors Ltd slips for fifth straight session

The inventory pile-up comes as car sales slumped nearly 20% in September, as per data from Federation of Automobile Dealers Associations.

Car Inventory Surges To All-Time High As Retail Sales Slump Nearly 20%

Nifty Auto Index is designed to reflect the behaviour and performance of the Automobiles segment of the financial market. The NIFTY Auto Index comprises 15 tradable, exchange listed companies. 

Nifty Auto Index

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