Diwali 2023: Will the upcoming festive season be a game changer for auto space?
Live MintThe auto space is back in the game. The Nifty Auto index has jumped over 28 percent in 2023 YTD, giving positive returns in 7 of the 11 months so far this year. Stocks On a YTD basis, all constituents in the Nifty Auto index gave positive returns with Tata Motors jumping the most, up 66.5 percent, followed by Bajaj Auto, up almost 50 percent and TVS Motor, up 48 percent. Parul Rao, Research Analyst, SAMCO Securities The festive season is indeed a good time to accumulate fundamentally strong auto stocks as the domestic demand typically increases during this period. Vinit Bolinjkar, Head of Research, Ventura Securities Helped by strong festive season demand and momentum in the economy, domestic PV sales reached a new peak for the third consecutive month in October.
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Will the Festive Season Be a Game Changer for the Auto Sector? Experts Weigh in
Live Mint
Will the Festive Season Be a Game Changer for the Auto Sector? Experts Weigh in
Live Mint
Festive shopping sees an upswing after two years this Diwali
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