Do you have these surging auto stocks in your portfolio?

On Thursday afternoon as the market is trading flat, these auto stocks have rallied!

While benchmark indices are still holding strong gains, the auto sector is witnessing a positive momentum today. At 12:50 pm, the S&P BSE Auto is at 25,431.64 a gain of 2.41 per cent. 

The auto sector suffered the most due to the pandemic, shortage of semi-conductors, and rising commodity prices. This took a toll on the shares of companies belonging to this sector. Robust demand, consistency in the supply of chips, and moderation of the commodity inflation along with an entry in the EV segment resulted in some recovery of this sector. As investors have shown some optimistic reactions to this recovery, all stocks in the auto index are green but the following stocks from this sector are today’s mid-day movers! 

Maruti Suzuki India is the market leader in the passenger vehicle segment in India. The shares of Maruti Suzuki hit their 3-month high in today’s intra-day trade and at 12:50 pm, the shares are up by 3.96 per cent and the scrip is trading at Rs 8090.

Eicher Motors is a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. At 12:50 pm, the shares jumped by4.21 per cent and the scrip is trading at Rs 2774.20

Hero MotoCorp is one of India’s largest motorcycle manufacturers. At 12:50 pm, the shares rallied by 4.30 per cent and the scrip is trading at Rs 2632.35, making it the top gainer of the auto index.