Key Points
One sector which has been firing on all cylinders has been the auto sector, it started with stocks like Ashok leyland, Tata motors, Eicher motors.doing extremely well in the first phase of auto sector bull run.Then it was companies from the tyre sector which saw a sharp upward trend and then a select few auto ancillary stocks..
It was in the third phase where 4 wheeler and 2 wheeler companies joined the bull run..
The adjustment process is still on, so rather than taking exposure to a single stock it would be better to have a look at the basket of the stocks and have a mix..
There are some stocks which are not been looked favorably by analysts as they believe that stocks have seen a run up but the fact remains that as sector one of the best proxy for taking exposure to economic growth...
The following list of stocks in the NIFTY Auto index were given a Buy/Hold/Sell recommendation in the latest Stock Reports Plus report dated Apr 4, 2024..
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