Auto stocks in fast lane as FPIs bet on sector's strong growth outlook2 min read 25 May 2023, 03:17 PM IST
In April, FPIs infused approximately ₹1,987 crore in the auto sector, while during the first half of May, they infused ₹4,705 crore into the sector.
The Indian automobile sector has been in the fast lane since beginning of FY23, attracting substantial interest and investment from both, domestic as well as foreign investors. The Nifty Auto index, characterized by 11% year-to-date gain and an impressive 26% rally over the course of one year, stands out as a silent performer, propelled by robust growth across all its segments.
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