Nifty Auto index under pressure; M&M hits 52-week low

Shares of Mahindra & Mahindra are trading at 52-week low of Rs686.05 on the NSE. The stock was trading at its lowest level since December 8, 2017.

Jan 24, 2019 06:01 IST India Infoline News Service

auto index
The Nifty Auto index was trading lower ~1% at 8,552.80 amid heavy selling pressure in Tata Motors, Motherson Sumi, M&M, Ashok Leyland, and Bharat Forge.

Shares of Mahindra & Mahindra are trading at 52-week low of Rs686.05 on the NSE. The stock was trading at its lowest level since December 8, 2017.

On the flip side, Eicher, Maruti Suzuki, and Hero MotoCorp were in the positive zone.

Meanwhile, equity benchmark indices were trading flat on Thursday led by ICICI Bank, Tata Motors, and Bharti Airtel.

The Sensex was up 9 points at 36,117, while the Nifty fell 6 points to 10,831. The market breadth was negative with 971 shares advancing, 616 shares declining, and 467 remaining unchanged.

Stock view:
Mahindra & Mahindra Ltd is currently trading at Rs694.10 down by Rs2.3 or 0.33% from its previous closing of Rs696.40 on the BSE.

Tata Motors Ltd is currently trading at Rs175.15 down by Rs5.1 or 2.83% from its previous closing of Rs180.25 on the BSE.

Ashok Leyland Ltd is currently trading at Rs87 down by Rs2.1 or 2.36% from its previous closing of Rs89.10 on the BSE.

TVS Motor Company Ltd is currently trading at Rs523.05 down by Rs8.75 or 1.65% from its previous closing of Rs531.80 on the BSE.

Bharat Forge Ltd is currently trading at Rs482.95 down by Rs7.1 or 1.45% from its previous closing of Rs490.05 on the BSE.

Motherson Sumi Systems Ltd is currently trading at Rs155.05 down by Rs2.05 or 1.3% from its previous closing of Rs157.10 on the BSE.

Eicher Motors Ltd is currently trading at Rs20,203 up by Rs127.9 or 0.64% from its previous closing of Rs20,075.10 on the BSE.

Maruti Suzuki India Ltd is currently trading at Rs7,077.45 up by Rs35.3 or 0.5% from its previous closing of Rs7,042.15 on the BSE.

Hero MotoCorp Ltd is currently trading at Rs2,800.35 up by Rs9.25 or 0.33% from its previous closing of Rs2,791.10 on the BSE.

Bajaj Auto Ltd is currently trading at Rs2,660.60 down by Rs16.8 or 0.63% from its previous closing of Rs2,677.40 on the BSE.

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