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Informist, Friday, Feb. 13, 2026

MUMBAI – Constituents of the Nifty Auto index have broken out from their prior corrective consolidation after India and the US announced a framework for a trade deal and are now indicating a shift in trend to bullish sentiment from bearish, according to technical analysts. The index closed in the green for the second consecutive week, having closed in the red for four straight weeks before.

"The index is sustaining above its 20-day and 50-day moving averages and has been consolidating at elevated levels for the last few sessions, reflecting strength after the breakout," said Vatsal Bhuva, technical analyst at LKP Securities.

Friday, Nifty Auto closed 1% lower at INR 28234.30. For the week, the sectoral index gained 2.6%, registering a markedly better performance than the benchmark Nifty 50 index which fell 0.9% to 25471.10 amid a sharp correction in information technology stocks. "RSI (relative strength index) remains above 60 in a bullish crossover, supporting positive momentum. Immediate support is placed at 28100, while resistance is seen near 28600," Bhuva said.

This week, only three out of the 15 stocks part of Nifty Auto closed in the red. These laggards include Hero MotoCorp Ltd., Bosch Ltd., and Mahindra & Mahindra Ltd. Three companies--Eicher Motors Ltd., Bharat Forge Ltd., and Samvardhana Motherson International Ltd.--gained around 11-12% to emerge top performers.

When it comes to stocks, Bhuva said Ashok Leyland Ltd. is exhibiting a structural uptrend while Bajaj Auto Ltd. could move towards INR 10,500 from INR 9,760 currently. "Mahindra & Mahindra is consolidating at higher levels, while Tata Motors PV signals a meaningful recovery after a prolonged downtrend, with a potential upside target of INR 420 and Eicher Motors with the extended target of INR 10,000," Bhuva said.

Automobile shares have been in the limelight ever since the government cut goods and services tax. Sales shot up in the December quarter, and as per companies' commentaries, their momentum has held up even in the March quarter so far. 

On Friday, the Society of Indian Automobile Manufacturers said that automobile companies despatched 2.38 million vehicles in India in January, up 23% on year, highlighting sustained demand. While despatches of passenger vehicles grew only 8% on year, that of two-wheelers and three-wheelers grew 26% and 30% on year, respectively. "The new year has begun on a positive note, extending the strong momentum seen in the previous quarter, supported by sustained demand following the GST rate reduction," SIAM's Director General Rajesh Menon said.

TOP HEADLINES

* Data Alert:Jan auto sales up 23% at 2.38 mln units; segment sales peak: SIAM
* Crisil revises outlook on Escorts Kubota long-term bk facilities to positive
* Analyst Concall: Bharat Forge sees defence ops share in sales rising to 20%
* Earnings Review: Bharat Forge Q3 PAT misses Street view on rising expenses
* M&M arm launches electric autorickshaw Mahindra Udo at INR 384,299
* Escorts Kubota board OKs further investment of INR 5 bln in finance arm
* Analyst Concall: Ashok Leyland sees prices moving up if commodity costs rise
* Analyst Concall: M&M will continue with 18% return on equity, mgmt says
* SPOTLIGHT: Inventories running lean as buyers lap up cars post GST cut
* Recent spurt in CV sales not a blip but fundamental, says Ashok Leyland
* M&M dealership stock level currently at 15-20 days, below desired 25-30 days
* Earnings Review:M&M Q3 PAT, sales up in double digits YoY, miss Street's view
* Earnings Review: Ashok Leyland Q3 PAT growth limited by rising expenses
* Sunjay Kapur's mother gets HC notice on perjury charges in family trust case
* Tata Motors Indonesia arm in pact to deploy 70,000 vehicles in Indonesia
* Popular Vehicles posts INR 6.72 million consol PAT in Oct-Dec vs loss yr ago
* Analyst Concall: Eicher Motors sees strong sales growth continuing in Q4
* Earnings Review: Escorts Kubota Q3 PAT up as sales growth more than expense
* Earnings Review: Strong sales volume drives Eicher Motors Q3 PAT, revenue
* Long-term use to drive investment in EV charging infra, says SIAM's Chandra
* Earnings Review: Eicher Motors Q3 PAT, revenue beat estimates
* ZF Commercial Oct-Dec net profit rises 11% YoY to INR 1.4 billion
* Govt hopes production of rare earth magnets in India will begin in 2 yrs
* HC notice to Priya Kapur on withdrawals from trust in Sunjay Kapur case
* Auto retail sales start 2026 on high note, rise 18% YoY in Jan, says FADA
* Bajaj Auto launches electric 3-wheeler WEGO; ex-showroom price INR 441,247
* Analyst Concall: Localisation, product mix to drive Bosch margin growth
* Earnings Outlook: Tractor business to boost Escorts Kubota Q3 PAT, revenue
* Tata Motors PV's Panappakam unit begins ops, JLR's Evoque first vehicle made
* TVS launches Ronin, Ntorq in Egypt with new colour variants
* Earnings Review: Bosch Q3 PAT,  sales up on automotive product sales
* Mahindra group to invest INR 150 bln in auto, tractor mfg unit in Nagpur
 

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:

End

Reported by Anand JC

Edited by Akul Nishant Akhoury

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