Archive · 23 Sep 2025
Auto Sector Stocks Surge as Brokerages Recommend Picks
The auto sector is doing well, with stocks like Maruti Suzuki, M&M, and TVS seeing their prices go up.
This is because a brokerage firm, Nuvama, thinks these companies will do even better in the future.
They expect sales to grow a lot, especially during the festive season.
The good news is also due to recent government tax cuts, new products, and income tax reforms.
Another brokerage, MOFSL, expects a rebound in the coming quarters due to reasonable valuations.
The Nifty Auto Index is up over 1%.
Maruti Suzuki, M&M, and TVS Motor stocks gained value.
Nuvama recommends Maruti Suzuki, M&M, TVS, and Hero MotoCorp.
Nuvama expects double-digit growth during the festive season.
MOFSL expects Indian stocks to benefit from an earnings floor and improved sentiment.
- Who
- Auto sector stocks and brokerages like Nuvama and MOFSL
- What
- Share prices increased with recommendations and positive outlooks.
- When
- Current time, as of recent reports.
- Where
- India
- Why
- Due to GST cuts, positive market sentiments, and broker recommendations.
- Nifty Auto Index
- Up over 1%
- Maruti Suzuki Share Price
- Up 3% intra-day
- Eicher Motors Share Price
- Up 2.5%
- M&M Share Price
- Up 2.6%
- Nuvama's Top Picks
- Maruti Suzuki, M&M, TVS, Hero MotoCorp
- Maruti Suzuki Target Price (Nuvama)
- Rs 18,200
- M&M Target Price (Nuvama)
- Rs 4,200
- TVS Motor Target Price (Nuvama)
- Rs 4,100
