In the wake of the decision of Tata Motors to shut down its Jamshedpur facility for three days commencing from yesterday, the CNX Auto index presented a mixed picture this morning with two-wheeler stocks trading in the green whereas companies in the car and commercial vehicles segments were in the red.
But there were exceptions to this general rule as well. While Ashok Leyland, which is a prominent player in the medium and heavy commercial vehicles (M&HCV) segment was marginally in the green, two-wheeler major Bajaj Auto shed value in morning trade.
Hero Motocorp was the biggest gainer in the two-wheeler segment with the stock up by Rs 37 at Rs 1,853. TVS Motor gained 45 paise to trade at Rs 38.95. The only M&HCV player to gain was Ashok Leyland, which was up by 25 paise at Rs 28.20.
The other companies to make it to the gainers’ list were auto ancillaries — Bharat Forge, Bosch Ltd, Amtek Auto, Apollo Tyres and MRF.
The two-wheeler giant Bajaj Auto was the biggest loser with the stock shedding Rs 23.85 at Rs 1,926.55. Maruti was down by Rs 7.60 at Rs 1,481.50, M&M shed Rs 6.05 at Rs 927.85, Eicher Motors was down by Rs 4.80 at Rs 2,700 and Tata Motors lost Rs 5.25 at Rs 273.20.
Shares of auto ancillaries Exide Industries and Motherson Sumi lost value but only marginally.