Auto Stock News
BofA Securities upgrades Maruti Suzuki’s stock rating, identifies 5 key themes in auto sector
Maruti Suzuki’s shares rose over 5% following a ’Buy’ rating upgrade by BofA Securities, which set a target price of ₹14,000 on the automaker. The brokerage highlighted growth drivers including new utility vehicle launches and electric vehicle expansion, positioning it for ltng-term success.
3 min read16 Jan 2025Auto stocks to buy: Jefferies lists 3 top investment picks from the sector
Jefferies identifies Mahindra & Mahindra, Eicher Motors, and TVS Motor as top investment picks, projecting strong growth in two-wheelers and tractors. M&M’s target price is raised to ₹4,075, reflecting robust sales and new EV model launches.
3 min read10 Jan 2025Nifty Auto rallies 5% in 3 sessions, Eicher Motors leads the charge
Auto stocks outperformed volatility in early January, driven by strong December sales, particularly in passenger vehicles. Maruti Suzuki led with double-digit growth. Analysts remain positive on the sector, boosting stock prices, with the Nifty Auto Index rising 5.12% over three sessions.
2 min read6 Jan 2025Auto stocks surge up to 7% on robust December sales; Eicher Motors leads the rally
Indian auto stocks surged on January 2, driven by strong December sales data. The Nifty Auto index rose 3%, with Eicher Motors gaining 6.4%. Looking at PV sales, Maruti Suzuki led the sales in 2024 as the country’s leading car manufacturer sold 178,248 car units in December.
2 min read2 Jan 2025Automakers drive India’s blue-chips higher in first session of 2025
INDIA-STOCKS/:INDIA STOCKS-Automakers drive India’s blue-chips higher in first session of 2025
1 min read1 Jan 2025Mint Explainer: Why the auto sector is not out of the woods
Sluggish sales, shifting consumer preferences, and muted government spending paint a complex picture of India’s automobile sector amid a slowing economy.
5 min read10 Dec 2024Will auto sector outperform Nifty 50 again in 2025? Experts weigh in
In 2024, the Auto index outperformed the Nifty, gaining over 28% compared to Nifty’s 13%. Experts predict potential growth in 2025, driven by volume recovery and premiumisation, despite challenges like inventory build-up and inflation.
3 min read9 Dec 2024Nomura lowers PV growth forecast for Q3FY25, upgrades 2W outlook on rural demand revival
Nomura cut India’s FY25 passenger vehicle growth estimate to 1% YoY, down from 4%, due to weak demand. In contrast, the two-wheeler industry’s growth outlook was raised to 12% YoY, supported by rural recovery and new model launches, including electric variants.
2 min read6 Dec 2024Hero MotoCorp vs TVS Motor: Which auto stock should you buy at this juncture? Experts weigh in
As the Indian two-wheeler industry gears up for future growth, investors face a critical choice between two prominent players—Hero MotoCorp and TVS Motor. While both companies hold strong positions in the market, let’s see what experts suggest in the current landscape.
4 min read6 Dec 2024IndusInd Bank, Tata Motors, and Asian Paints among 23 Nifty 50 stocks down up to 41% from recent highs
Among the 50 constituents of the Nifty 50, 23 stocks are currently trading at significant discounts, with declines ranging between 20% and 41% from their recent highs. Leading the fall is IndusInd Bank, which is trading 41.38% below its peak of ₹1,694.
3 min read5 Dec 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared