Stock Tips:Auto Shares rallied after Posting Record Sales

Share benchmark indices logged modest losses on the week ended Friday after Gross Domestic Product (GDP) growth soared to a high of 7.7 percent. The BSE Sensex, lost 95.12 points to settle at 35,227.26.

The Nifty lost the day 39.95 points, down at 10,696.20, with 15 stocks in the green and 34 stocks in the red leaving  one stock unchanged in the index. Except Nifty Auto, all sectoral indices closed the day in the red, with Nifty realty and Nifty PSU bank stocks slipping over 1 percent.

IT stocks such as Infosys and TCS went down 0.9% and 0.5% respectively as the rupee hit fresh three-week high of 67 versus the US dollar intraday. The Indian rupee appreciated 29 paise to 67.12 against the USD.

Auto Shares rallied after Posting Record Sales: Maruti Suzuki stock 3.05% at Rs. 8798.  The largest Car manufacturer Maruti Suzuki India Limited had reported a 26% rise in its total sales to 1.72 lakh units in May 2018 over May 2017. Domestic sales of the Car maker were up by 24.9% to 1.63 lakh units from 1.3 lakh units in May last year and its exports for the month of May were up by 48.1% to 9,312 units from 6,286 as stated by the company

Bajaj Auto Limited: Bajaj Auto jumped 5.26% at Rs. 2895, after the company registered a 24 percent growth in its total vehicles sales at 3.42 lakh units in May 2018 over May 2017. Bajaj Auto registered a 30 percent growth in the month of May 2018 to 4.07 lakh units from 3.14 lakh units the same month last year.

Tata Motors Limited: Tata Motors stock rose 1.77% to Rs. 387.50 after the company registered a massive rise of 58% growth in auto sales for the month of May 2018 with 54,295 units as against 34,461 units over last year.

Share