BSE Auto hits 7-month high; Maruti, Hero Moto rally up to 13% in one week

Hero MotoCorp, Maruti Suzuki, M&M, Bosch and TVS Motor gain up to 13% in a week

Shares of automobile companies continued their northward movement as the S&P BSE Auto index hit seven month high on hopes of positive sales momentum in June. Meanwhile, stable commodity prices are benefitting the domestic automobile space.

At 3:07 PM, the S&P BSE Auto index was up 1.07 per cent at 26,707.86 points, as compared to 0.78 per cent rise in the S&P BSE Sensex at 53,141.09 points. The auto index hit a seven month high of 26,903.54 in intra-day trade. It traded at its highest level since November 18, 2021. With this, it has recovered 28 per cent from