Speeding ahead: Auto sector insights by Raja Venkatraman–6 January
3 days, 6 hours ago

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January

Live Mint  

The Indian auto sector has showcased an outstanding performance in 2024. With a record-breaking 26.1 million units sold, marking a 9% year-on-year growth, the sector's resilience and robust demand across various segments have brought it into the limelight. While the sudden revival has piqued interest in the trading and investing community once again, the auto sector's relative strength and its potential to drive the Nifty higher looks promising yet again. View Full Image Nifty Auto Three stocks from auto sector to buy, recommended by NeoTrader’s Raja Venkatraman: •TVS Motor: Buy above ₹2,490, stop ₹2,410, target ₹2,750 India is one of the largest exporters of two-wheelers, with its major export destinations being developing or under-developing countries. • Tata Motors: Buy at ₹791, stop ₹770, target ₹880 View Full Image Source: TradingView One of the leading automobile manufacturers witnessed sharp sell off since last 4 months which saw prices drop by nearly 40%.

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