Stock Market

Share market update: Auto stocks rise on September sales numbers

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NEW DELHI: Most auto stocks settled in the positive territory on Monday, buoyed by their upbeat September sales numbers. The country's largest car maker Maruti Suzuki Monday reported a marginal decline in total sales to 1,62,290 units in September as against 1,63,071 units in the year-ago period.

Shares of the company closed at Rs 7,465.30 apiece, up 1.56 per cent, on BSE.

Royal Enfield, the two-wheeler division of Eicher Motors, Monday reported a 2 per cent growth in total sales at 71,662 units in September.

Shares of Eicher Motors closed the day with a gain of 2.79 per cent at Rs 24,838.70 on BSE.

Tata Motors Monday reported a 20 per cent increase in domestic sales at 64,520 units in September as compared to 53,964 units in the same month last year.

Shares of the company closed 2.60 per cent higher at Rs 229.25 on BSE.

Shares of Mahindra Mahindra (MM) fell 1.52 per cent to Rs 847.60 after the company reported Monday its tractor sales declined 18 per cent to 37,581 units in September.

However, the company reported a 2 per cent increase in total sales at 55,022 units in September.

Shares of Bajaj Auto climbed 1.59 per cent to Rs 2,729.75 after the company reported 17 per cent increase in total sales to 5,02,009 units for September as against 4,28,752 units in the same month last year. Escorts Monday reported a 2.5 per cent rise in tractor sales to 10,617 units in September.

Shares of the company closed 1.98 per cent higher at Rs 623.05 on BSE.

Ashok Leyland Monday reported 26 per cent rise in total sales at 19,373 units in September.

Shares of the company closed at Rs 119.85, with a gain of 0.67 per cent. A sharp bout of short covering in bank, financial, auto, IT, FMCG and metal counters in the second half of trading session helped equity benchmarks end Monday's session with decent gains. The 30-share Sensex closed 299 points, or 0.83 per cent, up at 36,526.14 with 22 stocks in the green. The NSE Nifty settled 78 points, or 0.71 per cent, up at 11,008.30, with 34 stocks advancing and 16 stocks declining. BSE Midcap and Smallcap trailed Sensex on Monday, closing 0.53 per cent up and 0.25 per cent down, respectively. (With inputs from PTI)




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