Money on the markets

BSE Auto index falls 2 pct

Auto stocks struggled in trade on Friday, as stocks like Exide Industries, M&M and Maruti Suzuki fell, pushing the sectoral index down 2 percent.

Exide Industries ended down 4.6 percent as the top loser in the auto index, followed by M&M which dropped 3.3 percent.

Maruti Suzuki shares fell nearly 1 percent while Tata Motors dropped more than 2 percent. The situation in Japan has been weighing on Maruti’s stock for some days now.

Do you think it is the right time to pick some stocks from the autos space?

Auto stocks end lower

The BSE Auto Index fell 1.4 percent and was the top sectoral loser, with stocks like Hero Honda and Tata Motors slipping.

Hero Honda shed nearly 3 percent after it posted a 1.6-percent drop in quarterly net profit. JPMorgan cut its share price target for the stock.

Tata Motors ended down 2.2 percent while Ashok Leyland ended down 1.5 percent.

M&M was among stocks that closed in the green, closing 2.7 percent higher.

Would you take advantage of this fall and invest in these counters?

Auto stocks post decent gains

The BSE Auto Index gained 1.27 percent on Friday, as a top industry body official said he expected Indian vehicles sales to reach a record high for the second year in a row in 2010/11.

Shares in Tata Motors rose 4.5 percent to 808 rupees and ended as the top gainer among the Sensex and auto index components.

Other stocks also posted decent gains, with TVS Motors rising 3.1 percent and Hero Honda jumping 2 percent.

Only two stocks in the index closed in the red – Escorts and Maruti Suzuki, which dropped 2.4 percent and 0.14 percent respectively.

The sectoral index has gained 3.2 percent since mid-March. Seeing the positive sales outlook in 2010/11, would you place your bets here?

Hero Honda jumps over 4 percent

Shares in Hero Honda gained more than 4 percent on Thursday as markets ended firm with the Sensex rising by 107 points.

BSE Auto index rose 0.46 percent.

Amtek Auto climbed 1.4 percent whereas Ashok Leyland gained nearly 1 percent.

Among losers, Tata Motors’ stock had a weak trading session and ended down 1.87 percent. Maruti Suzuki slipped 1.47 percent.

Do you have a favourite auto stock for investment at this stage?

Auto stocks end weak

The BSE auto index slipped 1.8 percent on Tuesday, with shares in Maruti Suzuki slipping 3.2 percent.

Maruti Suzuki India is recalling 100,000 A-Star hatchbacks to fix a fuel leakage problem, a spokesman for the company told Reuters on Tuesday.

Shares in Ashok Leyland ended down 3 percent, Apollo Tyres slipped 2.95 percent, whereas TVS Motors ended down 2.8 percent.

Tube Investments was the only stock in the index which ended in green.

What is your view about the auto space currently?

Maruti drops, mixed day for auto counters

Shares in Maruti Suzuki dropped 3.5 percent on Wednesday after the Reserve Bank said foreign institutional holdings had reached a trigger limit and fresh purchases would need its prior approval.

Its shares closed at 1462.6 rupees and ended as the top loser among Sensex components. It was also among the top losers in the BSE Auto Index.

The auto index however ended only marginally in red, with stocks such as Escorts, Bharat Forge and M&M gaining.  TVS Motors ended down 3.7 percent, top loser in the index.

Maruti shares have struggled so far this year, losing a tad over 6 percent. The auto index has gained around 1 percent in the same period.

Would you take advantage of this fall and invest in Maruti shares?

Auto stocks slip

The BSE Auto index fell nearly 1.5 percent on Friday with stocks like Maruti Suzuki and Mahindra & Mahindra falling.

The auto index ended as the worst sectoral performer, with Exide Industries leading the losers pack with a near 5 percent decline.

Maruti and M&M which fell over 2 percent and Hero Honda which slipped 1.6 percent, ended as top losers among the Sensex components.

The Auto index has gained nearly 14 percent this month, as compared to a 7.6 percent rise in benchmark Sensex.

Would you take advantage of this fall?

Auto stocks post healthy gains

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?

M&M stock rises in weak market

Shares in Mahindra & Mahindra rose nearly 4 percent to 928 rupees and ended as the top Sensex gainer, even as the benchmark index dropped over 200 points.

The company reported its quarterly numbers on Wednesday and said net profit nearly trebled, helped by cost cuts and strong sales.

Its shares, which ended as the top gainer in the BSE Auto index, touched an intra-day high of 942 rupees before closing at 928 rupees.

The stock has returned a tad over 5 percent this month, better than the 6.2 percent drop in the auto index.

Would you invest in this stock after evaluating its results?

Tata Motors’ shares drop 6.6 pct

Tata Motors, India’s largest commercial vehicle maker, ended the week on a disappointing note with its shares registering a drop of 6.6 percent.

The stocks declined 7.4 percent on the NSE.

Tata Motors was the top Sensex loser and also pulled the BSE Auto Index down 1.72 percent, making it the worst sectoral performer of the day.

The company on Friday said it has raised $750 million by issuing GDRs and convertible bonds to pay down debt taken on for its acquisition of JLR brands last year.

Investors have been rewarded quite well recently, with Tata Motors’ shares jumping over 200 percent since April, outperforming the 100 percent rise in the auto index during the same period.

Would you be optimistic about this stock now? Or do you think it can fall further?