INSUBCONTINENT EXCLUSIVE:
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
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
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
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)
