Branch² Intelligence
Ashok Leyland, Hero Motocorp to M&M: Auto stocks rise despite E20 row
Key takeaway
Nifty Auto index up 1% despite E20 fuel controversy, with mixed stock performance.
- Step 1E20 fuel controversy creates regulatory uncertainty for Indian auto sector.
- Step 2Ashok Leyland and Hero MotoCorp gain on resilient demand; Bosch declines on margin pressure.
- Step 3Nifty Auto index rises 1% as market prices in mixed sector outlook.
Source: LiveMint Markets
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