Most auto stocks climbed on robust August sales. Shares of Ashok Leyland Ltd, Bajaj Auto Ltd, and Tata Motors Ltd climbed after reporting strong monthly sales.
Ashok Leyland's total sales rose 27 per cent in August. Shares of Ashok Leyland rose as much as 4.6 per cent to Rs 135, their highest since July 13. Bajaj Auto's total sales rose 30 per cent in August; the shares jumped as much as 2.3 per cent to 2,807.7, highest in six weeks.
Tata Motors posted a 27 per cent rise in August domestic sales. The company shares were up as much as 2.1 per cent. As of last close, Tata Motors stock had fallen 38.1 per cent this year.
Meanwhile, Maruti Suzuki India Ltd's August sales declined 3.4 per cent, hit by floods in Kerala and heavy rains in other parts of the country. The automaker shares were down 1.1 per cent to their lowest since July 4. NSE auto index climbed 0.9 per cent.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.