Nifty Auto index rallies 29% in CY23 so far; best yearly performance since 2017

Nifty Auto Index rallies 29% in 2023, marking highest annual gain since 2017, driven by improving demand and earnings outlook.

Auto roundup: PVs remain strong, CVs subdued again in August; LKP lists top picks

Mixed month for auto companies in August. PVs saw stronger sales, CVs posted subdued performance, and 2Ws were slightly weak domestically but exports improved. LKP Securities remains positive on the sector, with a preference for M&amp;M, MSIL, Bajaj Auto, and TVS stocks.

Maruti Suzuki vs M&amp;M vs Tata Motors: Which is the better auto major for long term?

Amid this positive auto sector environment and on the back of July auto sales reported earlier this week, let's find out between Maruti Suzuki, Mahindra &amp; Mahindra (M&amp;M) and Tata Motors, which auto major is a better investment for the long term.

Maruti Suzuki vs M&M vs Tata Motors: Which is the better auto major for long term?

JBM Auto shares skyrocket 17% as company secures orders for 5000 electric buses

In response to this positive development, the shares rallied 17% to register a new all-time high of ₹1,539.60 apiece. Notably, the shares have been on an upward trajectory since October of the previous year, consistently recording monthly gains.

Bajaj Auto shares zoom 35% in CY23 so far; hit fresh all-time high; should you still buy?

Given Bajaj Auto's consistent focus on profitability and its brand-focused play in the premium segment, the brokerage has raised its target price on the stock to ₹5,600 apiece.

Markets in June: Realty, pharma top performing sectors as Nifty gains for 4th straight month; what lies ahead?

Realty, pharma, and auto sectors emerged as top performers last month, making significant contributions toward overall market performance.

From slump to soaring: These five large and mid-cap stocks soar up to 73% in 2023 after poor 2022 show

Shares of Zensar Technologies saw a strong turnaround with a 73% rally, while Tata Motors benefited from improved JLR sales. PB Fintech witnessed positive results in Q3 and Q4, leading to a 35% gain.

13 out of 15 Nifty Auto companies delivered growth in net profit in March quarter; details here

Tata Motors achieved record revenue, posting a net profit of ₹5,408 crore in Q4. Maruti Suzuki's consolidated net profit jumped by 42% YoY, while Mahindra &amp; Mahindra reported an 18% increase in profit.

Bajaj Auto: Domestic market drives April sales; brokerages advise buying, see up to 14% upside

Analysts expect that Bajaj Auto will benefit from the launch of new motorcycles that are jointly developed with British bike maker Triumph, as well as an increase in production of its electric scooter Chetak.

Auto demand momentum positive despite challenges, says Nuvama; picks Tata Motors, Maruti Suzuki, Bharat Forge

The brokerage also thinks that the sector will keep growing because to a number of factors that are driving up volume, including increased replacement demand, new goods, robust business and economic activity, policy push and ample finance availability.

Top Auto Stocks News

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Nifty Auto index rallies 29% in CY23 so far; best yearly performance since 2017

markets

Auto roundup: PVs remain strong, CVs subdued again in August; LKP lists top picks

markets

Maruti Suzuki vs M&M vs Tata Motors: Which is the better auto major for long term?

markets

JBM Auto shares skyrocket 17% as company secures orders for 5000 electric buses