Money on the markets

A maturing market amid the mayhem

Auto stocks post healthy gains

November 13, 2009

The BSE Auto index rose 1.5 percent on Friday, taking the festive season-backed gains for the month to 7.4 percent.

Hero Honda and Maruti Suzuki rose 4 percent each in trade, ending as the top gainers among the Sensex components. Exide Industries surged 8.6 percent.

Gains from these stocks also helped the benchmark post a rise of over 150 points.

The festive season has also helped auto companies boost their sales.

Would you invest in auto stocks at this stage?

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