These Automobile Sector stocks zoomed over 63 per cent in just a month; do you have any?
The BSE Auto Index is up by 0.84 per cent in 1 day and over 6 per cent in just 1 month.
On Friday, the indices ended the day in the green. BSE Sensex Index was up by 0.76 per cent at 61,112. BSE Mid-Cap Index is up by 1.32 per cent and BSE Small-Cap Index is up by 0.91 per cent. The BSE Auto Index is up by 0.84 per cent in 1 day and over 6 per cent in just 1 month.
The Indian automobile industry has historically been a good indicator of how well the economy is doing, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement. The electric vehicle (EV) market is estimated to reach Rs 50,000 crore (USD 7.09 billion) in India by 2025.
In the past month, several automobile companies have given good returns to investors, with many of them specializing in forgings and castings. This trend suggests that these companies are well-positioned to benefit from the growth in the automobile sector, as they provide essential components that are necessary for vehicle manufacturing.
Following are the Automobile Sector stocks that zoomed over 63 per cent in just 1 month:
Do you have any of these stocks in your portfolio?