TVS Motors, Hero Motocorp, and Maruti limit downside in Nifty Auto by emerging top bulls; MRF hits new 52-week low

8 Feb 2022 , 02:40 PM

Auto stocks were in red on Tuesday’s trading session amidst major Q3 earnings. TVS Motor rallies after posting a better-than-expected financial performance. The sector continues to witness chip shortages and supply chain disruption, however, the prospects of recovery looks good. 

At around 2.44 PM, the Nifty Auto index was trading at 11,395.75 shedding 22.80 points or 0.20% since its last trade at 11,407.25 points. The index has touched day’s high and low of Rs 11,561.50 and 11,300.20 points respectively.

Stock like TVS Motors, Hero Motorcorp, Maruti Suzuki led the chart by gaining 2.57%, 0.61%, and 0.46% in today’s trade. MRF was also trading 0.46% higher at Rs 69,171.55 after touching a 52-weeks low of Rs 68,500. Bharat Forge remained marginally high since its last closing.

Tata Motors and Ashok Leyland remained weak shedding 0.78% and 1.33% throughout the day. While TI India skids the highest by 1.67% so far in today’s trade. Eicher Motors and Mahindra & Mahindra also remained in red with marginal numbers.