Auto Stocks Outlook
Likely to consolidate next week; Q2 results in focus
This story was originally published at 22:59 IST on 24 October 2025
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MUMBAI – Stocks of automobile companies are likely to consolidate next week following the recent gains they made on the back of anticipation of growth in sales in the coming months as customers avail benefits of the reduced goods and services tax. Investors would now shift their focus to the September quarter earnings of the automobile makers with TVS Motor Co. announcing the results first. Others such as Hyundai Motor India and Maruti Suzuki India will also declare their results in the coming week. That said, the monthly sales data for October, which would gauge the actual impact of the GST cuts on sales and pick up in demand, is due Saturday, which will act as the next trigger for automobile companies.
Friday, the Nifty Auto closed at 27108.70 points, down 0.4%. For this week, Sona BLW Precision Forgings and Bharat Forge were the top gainers while Exide Industries and Eicher Motors fell the most.
Technical analysts said the Nifty Auto index has been moving in a broad range of 26330–27725 points after it hit an all-time high late September. A breakout or breakdown of 26330–27725 levels would be decisive of the trend in the coming weeks, Ashish Sherigar, technical analyst at NVS Brokerage, said. "A break and close above 27,750 (points) could lead to an upside of 1,200–1,300 points, while on the downside, support is seen at 26,400," Sherigar added. A close below 26400 points may drag the index further towards 25200-24200 points, he said.
"Most FIIs (foreign institutional investors) have now turned positive on the Indian automobile sector after the GST rate cuts," Motilal Oswal Financial Services said in a report Friday. "One key question lingering on the mind of most of the investors is whether the demand will sustain beyond the festive season or not, especially once discounts are curtailed," the broking firm said.
Some automobile sector analysts had said the pick up in demand would continue as the wedding season in November has more auspicious days than last year. Some analysts expect overall automobile sales to grow in double digits on an year-on-year basis in the next two months.
Within automobile companies, Maruti Suzuki seemed to be a consensus "BUY", while there was mixed feedback for all other companies, Motilal said. "In auto ancillaries, investors agreed that the ongoing tariff uncertainty has made it difficult to evaluate auto ancillaries purely on merit," the broking firm said.
TOP HEADLINES
* Hyundai Motor India opens bookings for new-generation of compact SUV Venue
* S&P revises outlook on Tata Motors PV to negative on major JLR cyber attack
* Hero MotoCorp ties up with MotoGB to sell Hunk 440 motorcycles in UK
* Bharat Forge says yet to ink pact with Indian Army for battle carbine supply
* Exports of Maruti Suzuki's Jimny cross 100,000 units since launch
* Ola Electric board to meet Sat to mull raising funds via equities
* Ola Electric says HC gave protective order for CEO, officials in suicide case
* PRESS: FIR against Ola Electric CEO after employee's suicide; co moves court
* Maruti Suzuki eyes record Dhanteras deliveries, Tata Motors sees 30% growth
* Auto dealers move SC seeking relief on INR 25-bln compensation cess issue
* NCLT admits insolvency proceedings against Blu-Smart Mobility Tech
* Popular Vehicles Q2 consol sales up 1% YoY as customers defer buys on GST cut
* Mahindra Group in pact with Brazil's Embraer for military transport aircraft
Following are the resistance and support levels for key automotive stocks for next week, as per calculations based on their prices on the National Stock Exchange:
| Company | Price | Week-on-week change in % | Resistance | Support |
| Apollo Tyres | 499.80 | 2.30 | 524.50 | 484.70 |
| Ashok Leyland | 136.35 | 1.40 | 139.60 | 134.20 |
| Bajaj Auto | 9076.50 | (-)0.80 | 9149.50 | 8975.50 |
| Balkrishna Industries | 2326.50 | 2.60 | 2361.80 | 2301.60 |
| Bharat Forge | 1283.90 | 3.40 | 1324.60 | 1256.60 |
| Bosch | 38585.00 | (-)0.40 | 39515.00 | 37935.00 |
| Eicher Motors | 6840.00 | (-)2.90 | 6964.70 | 6729.70 |
| Exide Industries | 388.70 | (-)3.10 | 396.10 | 384.10 |
| Hero MotoCorp | 5540.50 | (-)0.90 | 5690.50 | 5409.50 |
| Mahindra & Mahindra | 3625.00 | (-)0.60 | 3672.00 | 3591.60 |
| Maruti Suzuki India | 16274.00 | (-)0.80 | 16522.00 | 16076.00 |
| MRF | 160190.00 | 2.70 | 165263.30 | 156863.30 |
| Samvardhana Motherson International | 106.25 | 1.50 | 108.80 | 103.70 |
| Tata Motors | 405.85 | 2.30 | 411.40 | 400.80 |
| TVS Motor Co. | 3599.80 | (-)1.50 | 3662.80 | 3552.60 |
| Nifty Auto | 27108.70 | (-)0.40 | 27436.60 | 26854.70 |
| Nifty 50 | 25795.15 | 0.30 | 26045.10 | 25593.20 |
BSE Sensex | 84211.88 | 0.30 | 85042.40 | 83541.90 |
Reported by Gopika Balasubramanium
Edited by Deepshikha Bhardwaj
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