Bajaj Auto, Hero MotoCorp, M&M tumble: Nifty Auto falls over 3% to lead sectoral loss — what’s next for the sector?
Bajaj Auto moved lower.
· LiveMint Markets
The Nifty Auto index dropped more than 3% amid poor sales results and new fuel-efficiency regulations. Bajaj Auto and M&M reported declines, impacting overall sentiment in the automobile sector.
The analysis
Bajaj Auto reported movement of 3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.0% on the day at ₹9,686.00, and has returned -4.4% over three months. It sits 22% below its 52-week high. The auto sector has moved -4.1% over the same period, so Bajaj Auto is running 0.3 points behind its peers.
For Bajaj Auto, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- The company directly in focus is BAJAJ-AUTO.
- Sector exposure: Auto.
- The immediate tone of coverage reads negative.
In this story
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