Five undervalued auto stocks that are set for a comeback

Five undervalued auto stocks that are set for a comeback

The Nifty Auto index has corrected more than 20% from its peak, dragged down by a broader market sell-off and a bloodbath in small-cap stocks. Contrarian investors should be scanning the horizon for hidden value. Beneath the surface gloom, tectonic shifts are reshaping the sector: electric vehicle adoption is rising, and premiumisation trends are defying … Read more

Nifty Auto crashes 2.9% to 10-month low. What’s driving the index lower? | Stock Market News

Nifty Auto crashes 2.9% to 10-month low. What’s driving the index lower? | Stock Market News

Indian auto stocks came under significant selling pressure in today’s trading session, February 21, with the Nifty Auto index dropping 2.9% to touch a 10-month low of 21,435. Fourteen out of 15 constituents of the index traded in the red, with M&M emerging as the biggest laggard, dropping 6%, followed by TVS Motor Company, Samvardhana … Read more