Bajaj Auto, TVS: How to trade two-wheeler stocks this festive season

Two-wheeler stocks such as TVS Motor, Hero MotoCorp, and Bajaj Auto were among the top gainers on the Nifty Auto index, surging up to 1.6 per cent in the intra-day deals on the National Stock Exchange (NSE), on Tuesday. The move comes despite two-wheeler companies reporting sombre sales during the nine-day auspicious Navratri period -- the first leg of the festive season. 

The cumulative retail sales of two-wheelers are estimated to have plunged 10 per cent YoY, said dealers. They attributed the lacklustre sales to shuttered schools, colleges, and other commercial establishments accounting for a big share in urban markets.