Auto stocks were in center around March 1, with the organizations begin to deliver February deals information.
The Nifty Auto was beating different areas at 0959 hours, up more than 2% drove by gains from Mahindra and Mahindra, Hero MotoCorp and Ashok Leyland which bounced 3-4 percent each. These were trailed by Motherson Sumi Systems, Maruti Suzuki, MRF, TVS Motor Company, Eicher Motors and Bajaj Auto.
The offer cost of Escorts was down a percent after the organization came out with its February deals information. All out deals developed 30.6 percent at 11,230 units against 8,601 units (YoY). Notwithstanding, sends out were down 2.2 percent at 540 units against 552 units (YoY).
Bajaj Auto was up a large portion of a percent and was exchanging at Rs 3,821.85, up Rs 21.15, or 0.56 percent. The 2 and 3-wheeler producer’s deals were up 6% at 3.75 lakh units against 3.54 lakh vehicles (YoY). While homegrown deals were down 2% at 1.64 lakh units against 1.68 lakh units (YoY).
The organization’s fares were up 13% at 2.10 lakh units against 1.86 lakh units (YoY). Three-wheeler deals were down 5% at 42,454 units against 44,691 units (YoY). Bike deals grew 7% at 3.32 lakh units against 3.10 lakh units (YoY).
Maruti Suzuki was exchanging at Rs 6,979.80, up Rs 107.15, or 1.56 percent, at 1008 hours. It has contacted an intraday high of Rs 7,032.85 and an intraday low of Rs 6,931. The organization’s deals for February were up 11.8 percent at 1.64 lakh units against 1.47 lakh units (YoY). Fares developed 11.9 percent at 11,486 units against 10,261 units (YoY) while homegrown deals was up 11.8 percent at 1.52 lakh units against 1.36 lakh units (YoY).
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