Auto Stocks Outlook
May move in range after snapping 2-week winning run
This story was originally published at 19:26 IST on 20 February 2026
Register to read our real-time news.Informist, Friday, Feb. 20, 2026
NEW DELHI – Shares of automobile companies that are part of the Nifty Auto index are expected to be range-bound next week after the sectoral index snapped a two-week winning run Friday, analysts said. "This week may see a mild bounce from support, but momentum remains cautious unless price sustains above the resistance band," Rishabh Srivastava, technical analyst at Lakshmishree Investment and Securities Pvt. Ltd., said.
Friday, the Nifty Auto closed 0.4% higher at 27846.80 points. For the week, it fell 1.4%, contrasting the 0.4% gain recorded by the benchmark Nifty 50 index. Analysts noted that through the week, volatility remained high with the India VIX spiking on geopolitical concern. Analysts expect the trend to continue next week.
"CNX Auto is holding near the 27300 mark, a key support zone that has attracted buyers in recent sessions. Resistance stands around 28200, where selling pressure has capped gains," Srivastava said.
Of the 15 stocks that constitute the sectoral index, only five closed in positive territory. Tube Investments of India, Bharat Forge, and Ashok Leyland were the top gainers while Uno Minda, Mahindra & Mahindra, and Hero MotoCorp were the biggest laggards.
In January, domestic despatches of two-wheelers grew 25% on year to 1.8 million units while those of passenger vehicles grew 12% to 450,000 units. "GST rate cuts, wedding season demand and new launches support growth outlook across segments, including retail and wholesale sales," ICRA said in a note Friday. The rating agency expects two-wheeler domestic volumes to grow 6–9% in the financial year 2025-26 (Apr-Mar) due to improved replacement demand after the cuts in goods and services tax, gradual recovery in urban consumption, and healthy rural incomes.
TOP HEADLINES
* Disbursed INR 287 bln under PLI scheme till Dec, says govt
* CCI Tue approved proposal for merger of Ashok Leyland arm into NDL Ventures
* CIE Automotive Oct-Dec consol PAT rises 10.4% YoY to INR 2.04 billion
* Ashok Leyland plans to add 30 new touchpoints in western India
* M&M, Embraer to set up maintenance facility for C-390 aircraft in India
* TVS Motor achieves production milestone of 1 mln units in Indonesia
* Bharat Forge, VVDN sign MoU to explore cooperation in key technology sectors
* Bombay HC stays Goa consumer commission warrant against Ola Electric CEO
* Focusing on full ecosystem with e Vitara, not just a car, Maruti Suzuki says
* Maruti Suzuki launches e Vitara for INR-1.10-mln introductory price
* Delhivery, RIDEV ink pact to deploy 150 high-performance EVs over next 3 mos
* Ola Electric reiterates gross margin target of 35-40% for FY27
* Ola Electric consol net loss narrows YoY to INR 4.87 billion in Oct-Dec
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 | 455.35 | (-)7.00 | 470.30 | 445.80 |
| Ashok Leyland | 208.85 | 2.10 | 214.20 | 199.10 |
| Bajaj Auto | 9,807.00 | 0.50 | 9919.30 | 9614.30 |
| Balkrishna Industries | 2,494.80 | (-)4.50 | 2561.50 | 2449.90 |
| Bharat Forge | 1,780.00 | 2.40 | 1813.20 | 1721.60 |
| Bosch | 35,215.00 | (-)1.30 | 36138.30 | 34268.30 |
| Eicher Motors | 7,936.50 | (-)1.60 | 8025.80 | 7840.80 |
| Exide Industries | 336.45 | (-)0.10 | 342.40 | 329.40 |
| Hero MotoCorp | 5,465.00 | (-)2.10 | 5534.30 | 5340.30 |
| Mahindra & Mahindra | 3,412.80 | (-)3.40 | 3469.10 | 3374.30 |
| Maruti Suzuki India | 14,977.00 | (-)1.70 | 15196.30 | 14738.30 |
| MRF | 146,390.00 | (-)2.50 | 148960.00 | 142860.00 |
| Samvardhana Motherson International | 129.42 | (-)1.40 | 133.40 | 126.80 |
| Tata Motors | 472.90 | (-)2.20 | 487.50 | 463.80 |
| Tata Motors Passenger Vehicles | 378.00 | (-)0.60 | 382.60 | 372.20 |
| TVS Motor Co. | 3816.20 | (-)1.30 | 3901.50 | 3749.10 |
| Index | Level | |||
| Nifty Auto | 27846.80 | (-)1.40 | 28115.80 | 27483.00 |
| Nifty 50 | 25571.25 | 0.40 | 25822.00 | 25254.40 |
| BSE Sensex | 82814.71 | 0.20 | 83643.50 | 81791.80 |
End
Reported by Anand JC
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000/+91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
