New Delhi, March 2 -- Automobile stocks such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, and Bajaj Auto are expected to be in focus on Monday, March 3, as investors react to their February sales figures.
Auto stocks have faced significant pressure recently, with a sharp selloff across segments driven by heavy foreign capital outflows, a weakening currency, and signs of slowing economic growth.
The Nifty Auto index plunged nearly 11 per cent in February compared to an about 6 per cent decline in the equity benchmark Nifty 50.
Stocks such as Hero MotoCorp, Mahindra and Mahindra (M&M), Bajaj Auto, TVS Motor, Tata Motors and Eicher Motors have crashed 11-16 per cent in the last one month.
The Auto index has crashed 26 per cent fro...
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