Maruti Suzuki shares surged to a fresh lifetime high, lifting the broader auto sector ahead of December’s monthly sales data. Investor optimism stems from expectations of strong double-digit growth in volumes across categories.
The Nifty Auto and BSE Auto indices gained, reflecting robust demand and positive sentiment in the automobile market.
India’s auto sector witnessed a strong rally today, with Maruti Suzuki India Ltd hitting a new all-time high of ₹16,825 in intra-day trade. The surge comes as investors anticipate healthy December sales numbers, reinforcing confidence in the sector’s growth trajectory. The broader auto indices also advanced, underscoring sector-wide momentum.
Key Highlight
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Maruti Suzuki Performance: Shares touched ₹16,825, surpassing the previous high of ₹16,798.80, marking a record milestone.
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Sector Rally: The Nifty Auto index rose over 1% to close at 27,889.65, while the BSE Auto index gained nearly 0.7% in intra-day trade.
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Other Gainers: Hero MotoCorp and Ashok Leyland rose about 2%, contributing to the sector’s strength.
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Sales Expectations: Brokerages, including Nuvama Wealth Management, project double-digit year-on-year growth in December auto sales volumes across categories.
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Investor Sentiment: Optimism is driven by affordability improvements, stable GST benefits, and strong demand outlook despite rural market pressures.
The rally highlights investor confidence in India’s auto sector, with Maruti Suzuki leading the charge as the industry awaits official December sales figures.
Sources: Moneycontrol, Business Standard, Republic World