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2019 Roundup: Auto sector takes a hit, only 1 stock gave positive returns this year

Updated : December 10, 2019 03:33 PM IST

Apollo Tyres, Ashok Leyland, Hero MotoCorp, Bosch, TVS Motor Company, Motherson Sumi and Bharat Forge had declined between 10-30 percent YTD.
Edelweiss had recently upgraded Bajaj Auto to buy from hold and raised target price in the long term to Rs 3,651 from Rs 3,162.
Nomura said two-wheelers would be hit hard due to a higher cost increase for them (around 2.5 percent) followed by cars and medium and heavy commercial vehicles (around 1 percent).
2019 Roundup: Auto sector takes a hit, only 1 stock gave positive returns this year

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