1. Strong sales figures boost Ashok Leyland, Tata Motors, Maruti Suzuki stocks

Strong sales figures boost Ashok Leyland, Tata Motors, Maruti Suzuki stocks

Stocks of auto companies on Monday rallied on the back of strong sales figures for the month of September.

By: | Published: October 4, 2016 6:11 AM

Stocks of auto companies on Monday rallied on the back of strong sales figures for the month of September. The stock of Ashok Leyland rose around 4% to close at R82.90, making it the best performer in the BSE Auto Index. The company reported an 18% decline in its sales for September. This was followed by Maruti Suzuki whose stock was up 3.70% to close at R5,681.85. The auto major reported a 31% growth in its total sales during the same period. Stocks of other major auto companies, including Motherson Sumi, Eicher Motors and Hero Moto, were up more than 3%. Mahindra and Mahindra reported a growth of around 70% in sales for September. This was followed by Eicher Motors and Maruti Suzuki.

auto-stocks

At the other end of the spectrum, Bajaj Auto reported a 2% decline in sales, stock of the auto firm closed 1.52% at R2,875.3 The BSE Auto index in 2016 has so far been up 22.89%. The Sensex and Nifty50, during the same period, rose 8.14% and 9.96% respectively.

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