BSE Auto: These two auto stocks zoomed on August 1

As the week started on a positive note these two auto stocks rallied more than 6 per cent.

The S&P BSE Auto ended at 29,656.09 a gain of 927.45 points or 3.23 per cent. Shares of Tata Motors and Mahindra and Mahindra Ltd rallied today. 

Tata Motors Ltd is a leading global automobile manufacturing company. Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses, and defence vehicles. Tata Motors is one of India's largest OEMs offering an extensive range of integrated, smart, and e-mobility solutions. Tata Motors Ltd's sales in the domestic and international market for July 2022 stood at 81,790 vehicles, compared to 54,119 units during July 2021, registering a growth of 51 per cent. Post this news the stock has zoomed by 6.58 per cent and the scrip ended at Rs 479.25. The stock has a 52-week high of Rs 536.50 and a 52-week low of Rs 268.50. 

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federations of companies with 2,60,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate. Mahindra Auto sold 27854 SUVs and 56148 vehicles overall in July 2022, registering an overall growth of 31 per cent. Post this news the stock has zoomed by 6.15 per cent and the scrip ended at Rs 1236.35. Today, the stock touched a fresh 52-week high of Rs 1248.40 and has a 52-week low of Rs 671.