Auto stocks pick up speed
DSIJ Intelligence / 16 Aug 2017
In a respite for the automotive industry, the auto stocks were inching upwards during Wednesday’s trade on the BSE.
In a respite for the automotive industry, the auto stocks were inching upwards during Wednesday’s trade on the BSE. The BSE Auto index was trading up by over 1% with Tata Motors contributing most to the index gains with more than 61 points.
The BSE Auto index was trading at 23,872.39, up by 278.94 points or 1.18% as at 1302 hours on Wednesday. TVS Motor Company was the top gainer of the index and was trading up by 4.94% at Rs 581.05 per share.
Among other automotive majors, Motherson Sumi Systems was up 3.40% at Rs 335.40, Cummins India was up 3.47% at Rs 917.95, Hero Motocorp was up 1.88% at Rs 4,028.65, Tata Motors was up 1.73% at Rs 382.15, MRF was up 1.67% at Rs 64,849.60, M&M was up 1.17% at Rs 1,371.60, and Maruti Suzuki India was up 0.89% at Rs 7,684.95.
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