Page 4 - Auto Stocks
TVS Motor to ride strong on profitability gains in FY23: Brokerages
Volume recovery, market-share gains, and EV plans are other triggers
 "TVS Motor to ride strong on profitability gains in FY23: Brokerages")
FPIs raise the ante by driving up allocation to oil & gas, auto stocks
FPIs increased their allocations to the oil and gas sector by 44 bps and the power sector by 21 bps
 "FPIs raise the ante by driving up allocation to oil & gas, auto stocks")
BSE Auto index hits new high on strong outlook; M&M zooms 37% in 3 months
The strong outperformance in auto sector is mainly due to pick up in pace of monsoons, cut in excise duty on fuels, and decline in global crude prices
 "BSE Auto index hits new high on strong outlook; M&M zooms 37% in 3 months")
Hero MotoCorp soars 4%, nears 52-week high on hopes of healthy Q1 results
The company expects the positive trend to continue in the coming months, on the back of a decent monsoon, and encouraging farm activity.
 "Hero MotoCorp soars 4%, nears 52-week high on hopes of healthy Q1 results")
Fiem Industries surges 6% on healthy outlook, stock up 56% in one month
Overall, the management believes that the worst is behind the two-wheeler industry and expects the industry to get back on its growth path.
 "Fiem Industries surges 6% on healthy outlook, stock up 56% in one month")
TVS Motor may soon cross Rs 1,000-mark; chart strongly in favour of bulls
In the past, the stock had soared up to 7-fold on two instances, a similar trend seems to be playing on the long-term charts currently.
 "TVS Motor may soon cross Rs 1,000-mark; chart strongly in favour of bulls")
Pricol, Minda: Here's why you should consider buying auto ancillary stocks
According to the technical charts, auto ancillary stocks, like Talbros Automotive, Jupiter Wagons and Minda Industries are likely to rise another 15 per cent in the upcoming trading sessions.
 "Pricol, Minda: Here's why you should consider buying auto ancillary stocks")
Escorts Kubota slips to a 9-mth low, down 27% from record high hit in April
The stock traded lower for the third straight day has fallen 9 per cent during this period; it aslo turned ex-dividend for Rs 7 per share on Thursday.
 "Escorts Kubota slips to a 9-mth low, down 27% from record high hit in April")
TVS Motor rises 2% on firm's big EV push; stock up 10% in 5 days
In the past five days, the stock price of Chennai-based auto-maker soared over 10 per cent, as against 1.6 per cent rise in the S&P BSE Sensex.
Bajaj Auto slips 2% as share buyback fails to cheer investors
The company intends to buy back 5.43 million shares, aggregating up to 1.88 per cent of its paid-up share capital via the open market at Rs 4,600 per share.
 "Bajaj Auto slips 2% as share buyback fails to cheer investors")
Sensex gains for 3rd day, rises 433pts; Nifty holds 15,800; Zomato falls 6%
CLOSING BELL: Sectorally, the broad-based rally saw the Nifty Auto index ending with 2-per cent gain, and the Nifty Metal index with 1.6-per cent rally
 "Sensex gains for 3rd day, rises 433pts; Nifty holds 15,800; Zomato falls 6%")
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
 "BSE Auto hits 7-month high; Maruti, Hero Moto rally up to 13% in one week")
Nifty auto index surges 7% in biggest weekly advance in 17 months
The latest gain comes on the back of easing commodity prices and supply chain issues
 "Nifty auto index surges 7% in biggest weekly advance in 17 months")
Two-wheelers in focus: Hero Moto, Bajaj Auto await breakout for fresh rally
Hero MotoCorp, Bajaj Auto and Eicher Motors need to cross their significant hurdles with aggressive volume for further gains to emerge.
 "Two-wheelers in focus: Hero Moto, Bajaj Auto await breakout for fresh rally")
Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand
Company says is seeing high interest for new launched Scorpio-N; In the last three months, the stock has outperformed the market, by gaining 38 per cent as against a 9 per cent decline on the Sensex.
 "Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand")
Hero MotoCorp rallies 4%; company announces price hike from July 1
The company said the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices
 "Hero MotoCorp rallies 4%; company announces price hike from July 1")
'Markets have not hit the bottom yet; select banks, autos attractive'
Direct impact of rising interest rates might already be discounted by the markets, but secondary impact is not yet fully priced in, says Varun Lohchab, head of institutional research, HDFC Securities
 "'Markets have not hit the bottom yet; select banks, autos attractive'")
Rate sensitive shares trade firm after RBI hikes repo rate by 50 bps
The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
 "Rate sensitive shares trade firm after RBI hikes repo rate by 50 bps")
Investors book profit day ahead of RBI policy outcome; Sensex falls 568 pts
CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points
 "Investors book profit day ahead of RBI policy outcome; Sensex falls 568 pts")
This automobile stock has zoomed 77% in three weeks; nears decade high
Hindustan Motors was locked at 5% upper circuit at Rs 17.35 after 11.68 million equity shares changed hands till 10:15 am
 "This automobile stock has zoomed 77% in three weeks; nears decade high")
