Sona BLW Precision Forgings recorded its highest-ever Revenue, EBITDA, PAT, Battery Electric Vehicle (BEV) Revenue and BEV revenue share in Q2, the company said in a BSE filing.
Motilal Oswal Wealth Management Research Desk remains constructive on the auto sector, while expecting volume growth to moderate from the elevated levels seen in 1HFY27.
Balkrishna Industries stock traded at its highest point in October after the company inked an agreement with Pirelli to produce 800,000 branded premium car tyres in India.
Stock market crash: Analysts flag October rate hike fears, low liquidity, high oil prices, persistent FIIs selling and a long-weekend as some of the key reasons for the market fall on Thursday.
The auto pack delivered a strong performance in August on a yearly basis, with growth momentum sustaining across segments and players; however, some moderation was visible month-on-month, said Emkay.
Maruti Suzuki's stock has declined 16.48 per cent year to date and has underperformed the BSE barometer, the Sensex, which is down 7.74 per cent during the same period.
Among sectoral indices, the BSE IT surged 16% followed by Consumer Durables (9%), Realty (8%) and Auto (6%). On the flip side, Capital Goods and Power indices declined 7% and 6%, respectively.
While near-term uncertainties surrounding the monsoon, crude oil prices and geopolitical developments persist, auto sector's growth outlook is increasingly being driven by structural demand.
Brokerages expect Bajaj Auto to report strong Q1FY27 revenue growth, driven by volume expansion, export momentum, currency tailwinds, and a better product mix
Tube Investments of India, Ashok Leyland were among the major laggards. Both counters fell over 3 per cent as the Brent price surged to $85 per barrel mark, adding pressure on auto stocks.
Buying interest extended to broader markets as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices settled higher by 0.45 per cent and 0.75 per cent, respectively
According to FADA, the share of electric vehicles in overall two-wheeler sales rose to 10.6 per cent, hitting the double-digit mark for the first time.
Bajaj Auto's largest share buyback worth ₹5,633 crore at ₹12,000 per share will open on July 1; shareholders who hold shares as of today (June 24) will be eligible to participate in the buyback.