Auto stocks to buy: Jefferies lists 3 top investment picks from the sector
2 months, 2 weeks ago

Auto stocks to buy: Jefferies lists 3 top investment picks from the sector

Live Mint  

Jefferies has expressed a positive outlook on the Indian automobile sector, identifying Mahindra & Mahindra, Eicher Motors, and TVS Motor as its top three investment picks. In a recent update, Jefferies made significant changes to price targets for key players in the auto sector: Bajaj Auto: Target reduced by 23 per cent to ₹10,350 from ₹13,400. The company posted strong sales numbers in December 2024, with a 16 per cent year-on-year growth in auto sales and a 10 per cent rise in tractor sales. M&M, which boasts a commanding 30 per cent market share in tractors, also unveiled new EV models, including the Mahindra XEV 9e and BE 6, priced at ₹30.90 lakh and ₹26.9 lakh, respectively. The company’s tractor sales surged 23 per cent year-on-year in December 2024, highlighting its robust growth in the segment.

History of this topic

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