Ola Impact: TVS Motor stock price can slide up to 14%, suggests chart

Among others, Bajaj Auto stock may slip up to 5 per cent, while Aether Industries is expected to trade on a range-bound note, technical charts indicate.

Auto stocks, including two-wheelers, have witnessed a phenomenal rally since the start of FY24. The share price of Bajaj Auto has seen a sharp appreciation of over 131 per cent in the last 13-odd months. Similarly, TVS Motor stock price has rallied by 86 per cent.

The stock price of Aether Industries, however, has witnessed a decline of around 10.7 per cent in the same period. In comparison, the benchmark NSE Nifty 50 has gained 22.2 per cent, while the Auto index has rallied 77.5 per cent.

On Monday, Ola Electric, the market leader in e-scooters announced a