MRF, TVS Motor, Tata Motors, Maruti, Mahindra & Mahindra and Ashok Leyland from the Nifty Auto index have witnessed a 'Golden Crossover' in recent months; here's a detailed outlook.
The BSE Sensex was trading at 83,731.47, down 327.43 points or 0.39 per cent, and the Nifty50 was down by 77 points or 0.3 per cent at 25,560.80
Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &
The recent price/volume behavior in scrip appears to be purely market-driven, the company said it is not aware of any undisclosed material or event that may have contributed to such movement.
Auto stocks fell in trade on Friday with Nifty Auto plunging over 2 per cent as US President Donald Trump warns to hike auto tariffs
Landmark Cars shares were under pressure after the company posted a massive drop in profit in the March quarter of FY25 (Q4FY25) results.
Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.
Among the sectoral market, shares of auto, FMCG, and IT companies were under pressure, while public sector banks, pharma, and realty bucked the trend and logged gains
Among sectoral indices, all but select healthcare ended in the green, with the Nifty Auto, and Nifty IT indices leading the way, gaining 1.05 per cent and 1.02 per cent, respectively
The auto-component industry which exports around $757 mn worth of parts to that country may benefit from the trade deal
TVS Motor share price: While most analysts have maintained their 'Buy' ratings on TVS Motor shares, some have shared 'Neutral' and 'Reduce' ratings on valuation concerns
The key focus during TVS Motor Company's Q4FY25 results, analysts believe, will be the e-mobility initiatives and demand outlook
After Trump announced sweeping tariffs on April 2, the Nifty Auto index had dropped over 10 per cent.
Why are markets rising today: Tata Motors, L&T, IndusInd Bank, M&M, Adani Ports, HDFC Bank, Axis Bank, ICICI Bank, Bharti Airtel, Bajaj Finance, Reliance Industries, and SBI were top gainers today
Tata Motor shares have corrected 44.52 per cent from its 52-week high of Rs 1,179.05, hit on July 30, 2024.
Emkay analysts believe a possible US recession from tariffs could reduce Nifty's FY26 earnings by 3 per cent, potentially derating the index to 21,500 in the near-term.
The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.
Stocks to Watch on Apr 3, 2025: As the US imposed ;reciprocal tariffs' IT, Pharma and auto related stocks will be in focus
Stocks to Watch on Apr 2, 2025: Zomato, Swiggy, auto stocks, and others will remain in focus today
March Auto Sale 2025: Royal Enfield recorded one million annual sales in the financial year ending March 31, 2025 (FY25), the highest-ever in the company's history.