Auto Stocks Crash: Buy the dip or wait? Brokerages reveal their top picks
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Auto stocks fell on Thursday as the Nifty Auto index dropped 2.01 per cent to 24,634.55.
- ✓Many major shares traded in the red, with Tube Investments of India losing 4.79 per cent.
- ✓Investors now watch demand and earnings closely, while brokerages updated their target prices for several top auto companies.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Auto stocks came under pressure on Thursday, with the Nifty Auto index falling 2.01 per cent to 24,634.55. The decline was broad-based, with most major auto stocks trading in the red.
TVS Motor was down 0.63 per cent at Rs 3,901.10. The stock touched an intraday high of Rs 3,964 and a low of Rs 3,884. It recorded traded value of Rs 262.74 crore.
Uno Minda declined 0.89 per cent, while Hyundai Motor India fell 1.51 per cent. Eicher Motors and Maruti Suzuki slipped 1.67 per cent and 1.75 per cent, respectively.
Mahindra & Mahindra declined 1.78 per cent, while Bajaj Auto fell 1.84 per cent. Sona Comstar was down 2.16 per cent and Bosch fell 2.45 per cent.
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