Nifty Auto index surges led by Hero MotoCorp, M&M

The top gainer in the auto space was Hero MotoCorp, which was trading above 6%.

Dec 12, 2018 07:12 IST India Infoline News Service

auto stocks
The NSE Auto index was trading 3% up at 9,115 during afternoon trade on Wednesday. The stock market is currently trading off its day's high with the Nifty hovering around the 10,650-mark.

The top gainer in the auto space was Hero MotoCorp, which was trading above 6%. The stock rallied on the back of heavy volumes. BJP, after having lost recent state elections, could push more reforms for rural areas and farmers. Hero MotoCorp sells nearly half of its total volumes in rural areas, hence, it could benefit from the expected reforms.

The stock was the top gainer on both the indices and it was trading at its highest level since September 24, 2018, on the BSE.

Stock view:

Hero MotoCorp Ltd is currently trading at Rs3,215.90 up by Rs180.45 or 5.94% from its previous closing of Rs3,035.45 on the BSE.

Motherson Sumi Systems Ltd is currently trading at Rs157.35 up by Rs7.55 or 5.04% from its previous closing of Rs149.80 on the BSE.

Tata Motors Ltd is currently trading at Rs165.40 up by Rs7.2 or 4.55% from its previous closing of Rs158.20 on the BSE.

Bajaj Auto Ltd is currently trading at Rs2,825.70 up by Rs79.9 or 2.91% from its previous closing of Rs2,745.80 on the BSE.

Mahindra & Mahindra Ltd is currently trading at Rs743.35 up by Rs19.95 or 2.76% from its previous closing of Rs723.40 on the BSE.

Eicher Motors Ltd is currently trading at Rs23,314 up by Rs564.6 or 2.48% from its previous closing of Rs22,749.40 on the BSE.

TVS Motor Company Ltd is currently trading at Rs564.20 up by Rs12.6 or 2.28% from its previous closing of Rs551.60 on the BSE.

Maruti Suzuki India Ltd is currently trading at Rs7,452 up by Rs142.15 or 1.94% from its previous closing of Rs7,309.85 on the BSE.

Bharat Forge Ltd is currently trading at Rs507.65 up by Rs9.35 or 1.88% from its previous closing of Rs498.30 on the BSE.

Ashok Leyland Ltd is currently trading at Rs105.10 up by Rs2.2 or 2.14% from its previous closing of Rs102.90 on the BSE.

Exide Industries Ltd is currently trading at Rs260.10 up by Rs10.2 or 4.08% from its previous closing of Rs249.90 on the BSE.

On the flip side, Bosch Ltd is currently trading at Rs19,071.65 down by Rs26.85 or 0.14% from its previous closing of Rs19,098.50 on the BSE.

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