Royal Enfield's move to Andhra Pradesh comes as premium motorcycles, exports, and multi-location manufacturing become bigger priorities for auto makers
Among sectoral names, analysts continue to prefer Mahindra & Mahindra due to its diversified earnings profile
The index climbed as much as 2.69 per cent to hit an intraday high of 26,484, with buying fuelled by favourable management commentary from the country's largest carmaker, Maruti Suzuki India
The Nifty Auto index has declined nearly 3% in the last two trading sessions amid a fresh spike in Brent oil prices owing to the US-Iran standoff.
The buying on the counter came after Royal Enfield, a division of Eicher Motors launched the Flying Flea C6, its first electric motorcycle, priced at ₹2.79 lakh (ex-showroom)
Bank, realty, auto and financial services stocks surged up to 10 per cent after the Reserve Bank of India (RBI) maintained status quo
Elara said the Nifty50 is currently trading at around 17.3 times one-year forward earnings, nearly 7 per cent below its 10-year average of 18.6 times, placing it in a historical 'bounce zone'
If the current geopolitical situation persists that results in supply chain disruptions and firm commodity prices, CLSA expects 30-40 per cent cuts to auto sector's FY27 earnings.
The Nifty Auto Index has corrected approximately 10 per cent year-to-date (Y-T-D), compared to Nifty's 9 per cent decline
Rising input costs, export risks to the Middle East and fears of gas supply disruptions weigh on Indian auto stocks amid the escalating Iran conflict
Auto stock: Individually, among others, Hero MotoCorp, TVS Motor Company, Samvardhana Motherson International, Sona BLW Precision Forgings, Uno Minda, and Ashok Leyland climbed over 3 per cent
Eicher Motors share price has been in a strong and consistent bullish trend over the past six months, forming a steady higher high and higher low structure on the daily chart
Among OEMs under coverage, it has identified Eicher Motors, and Bajaj Auto as its top conviction ideas in 2Ws, and Ashok Leyland in the CV segment
To cater the increasing demand, the Eicher's board has approved a proposal for capacity expansion at Royal Enfield, taking annual production capacity upto 2 mn units from the existing 1.46 mn units.
NTPC and Oil and Natural Gas Corporation (ONGC) from the Nifty 50 touched their respective 52-week highs.
Eicher Motors posts strong Q3FY26 growth led by Royal Enfield volumes, but sustaining margins may be challenging amid commodity inflation and capacity expansion
The buying on the counter came after Eicher Motors released its Q3FY26 numbers on Tuesday, after market hours.
At 10:51 AM; the BSE Auto index was the top gainer among sectoral indices, up 2 per cent, as compared to 0.07 per cent rise in the BSE Sensex.
Eicher Motors reported a 21 per cent rise in net profit in the December quarter, driven by strong Royal Enfield sales and improved performance at VE Commercial Vehicles
Q3FY26 company results: Firms including Britannia, Apollo Hospitals Enterprise, Jubilant FoodWorks, Escorts Kubota and Oil India are also to release their October-December earnings today