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Maruti Suzuki, Tata Motors, M&M: Price hike puts auto stocks in fast lane

On Monday, Maruti Suzuki increased the price for select models by up to Rs 34,000 to offset adverse impact of rising input costs

Topics
Maruti Suzuki | price hike | Stocks in focus

Avdhut Bagkar  |  Mumbai 



Maruti Suzuki India
The uptick in input cost may hurt auto firms' Q3FY21 earnings, analysts say

Equity bounced back on Tuesday, nursing losses of the past two days, on strong global cues. Amid broad-based buying, certain sectors were outperforming the on positive news flow. Nifty Auto index, for instance, gained 1.5 per cent on the National Stock Exchange (NSE) to hit an intra-day high of 10,113.5. Among individual stocks, jumped as much as 4 per cent on the NSE, followed by gains in Ashok Leyland, TVS Motors, Bajaj Auto, and that gained between 1 per cent to 3 per cent.

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First Published: Tue, January 19 2021. 12:11 IST

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