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Auto shares riding high on healthy demand outlook

Ashok Leyland, Hero MotoCorp, Tata Motors, Bajaj Auto and TVS Motor Company were up in the range of 2% to 6%.

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SI Reporter Mumbai
Shares of automobiles companies were in focus with Nifty Auto and the S&P BSE Auto index gaining nearly 2% on expectations of healthy demand during the current financial year 2018-19 (FY19).

At 1:20 PM; the S&P BSE Auto index (up 1.8% or 439 points) and Nifty Auto index (up 1.7% or 184 points) were up almost 2%, as compared to 0.5% rise in the benchmark indices.

Ashok Leyland, Hero MotoCorp, Tata Motors, Bajaj Auto and TVS Motor Company were up in the range of 2% to 6%, while Balkrishna Industries, Apollo Tyres, Motherson Sumi Systems and Bharat Forge