Auto Stocks Outlook
Positive momentum expected to continue next week
This story was originally published at 20:49 IST on 27 February 2026
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NEW DELHI – Shares of companies in the Nifty Auto sectoral index are expected to carry the positive momentum seen this week into next week, according to technical analysts. After snapping a two-week rise last week, the Nifty Auto closed higher this week.
The overall market sentiment has remained cautious and volatile because of changing global cues and renewed tariff uncertainty, Vinod Nair, head of research at Geojit Investments, said in a note. Friday, the Nifty Auto closed 1.9% lower at 28158.85 points. For the week, the index closed 1.1% higher, outperforming the benchmark index, which closed 1.5% lower. Support for the sectoral index is seen at 28000-27800 points while it could face resistance at around 28900-29000 points, a Mumbai-based technical analyst said.
Bharat Forge was the top performer this week in the 15-stock group, rising 7%, followed by Tube Investments of India, which rose 6.5%. Only four stocks--Maruti Suzuki, Exide Industries, Uno Minda, and Mahindra & Mahindra--closed in the red for the week.
The market is expected to closely track wholesale despatches data, which will be disclosed by the companies starting Sunday. Dealer checks by analysts suggest that domestic automobile sales will likely grow in the double digits on year on the back of improving consumer sentiment, enhanced affordability, new launches, and continued momentum created by the cut in goods and services tax.
"Dealer feedback indicates that GST-led momentum has moderated from peak festive-season levels; however, new model launches continue to attract customers, supporting healthy YoY (year-on-year) expansion," SMIFS said in a report Friday.
Analysts expect two-wheeler sales to be supported by demand in the urban market, stable availability of financing, and improved inventory alignment. "Exports are likely to sustain high double-digit growth, driven by recovery in key emerging markets and distributor restocking," Nirmal Bang Institutional Equities said.
TOP HEADLINES
* Bajaj Auto subsidiary KTM AG secures 550-mln-euro loan to refinance debt
* Tata Motors to deploy 40 green hydrogen trucks at Chidambaranar Port
* TVS Motor re-enters South Africa, launches seven two-wheeler models
* Olectra Green group co Evey Trans gets INR-18-bln orders for electric buses
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 | 454.05 | (-)0.30 | 467.30 | 445.40 |
| Ashok Leyland | 211.10 | 1.10 | 215.60 | 208.20 |
| Bajaj Auto | 9,972.50 | 1.70 | 10,152.80 | 9,849.80 |
| Balkrishna Industries | 2,383.90 | (-)4.50 | 2,497.70 | 2,318.10 |
| Bharat Forge | 1,911.20 | 7.40 | 1,938.10 | 1,887.70 |
| Bosch | 36,425.00 | 3.40 | 37,281.70 | 35,531.70 |
| Eicher Motors | 8,010.50 | 0.90 | 8,318.80 | 7,832.80 |
| Exide Industries | 334.30 | (-)0.60 | 342.20 | 329.10 |
| Hero MotoCorp | 5,710.00 | 4.50 | 5,844.00 | 5,622.00 |
| Mahindra & Mahindra | 3,397.40 | (-)0.50 | 3,529.20 | 3,315.20 |
| Maruti Suzuki India | 14,857.00 | (-)0.80 | 15,339.00 | 14,563.00 |
| MRF | 140,985.00 | (-)3.70 | 146,328.30 | 137,728.30 |
| Samvardhana Motherson International | 133.34 | 3.00 | 137.40 | 130.90 |
| Tata Motors | 505.30 | 6.90 | 519.40 | 484.50 |
| Tata Motors Passenger Vehicles | 382.65 | 1.20 | 399.00 | 372.80 |
| TVS Motor Co. | 3,869.70 | 1.40 | 4,010.20 | 3,785.80 |
| Index | Levels | |||
| Nifty Auto | 28158.85 | 1.10 | 28906.10 | 27720.60 |
| Nifty 50 | 25178.65 | (-)1.50 | 25600.60 | 24930.40 |
| BSE Sensex | 81287.19 | (-)1.80 | 82651.20 | 80477.20 |
End
Reported by Anand JC
Edited by Rajeev Pai
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