Auto shares in fast lane on festive demand; Maruti hits 52-week high on Goldman Sachs buy call

Auto shares in fast lane on festive demand; Maruti hits 52-week high on Goldman Sachs buy call

Shares of Indian automotive companies surged on September 23 as robust demand for two- and four-wheelers boosted the sector, cushioning broader market weakness. The Nifty Auto index rose nearly 1.5 per cent, led by Maruti Suzuki, Eicher Motors, Tata Motors, M&M, and Hero MotoCorp, alongside consumer finance NBFC Bajaj Finance. Top Gainers: Maruti, Tata Motors,…

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HDFC Life and GIC Re shares edge higher on JPMorgan Overweight upgrade; LIC top pick, GST relief to boost demand

HDFC Life and GIC Re shares edge higher on JPMorgan Overweight upgrade; LIC top pick, GST relief to boost demand

Shares of India’s leading insurers HDFC Life Insurance Company Ltd, Life Insurance Corporation of India (LIC), and General Insurance Corporation of India (GIC Re) gained in Monday’s trade amid positive brokerage recommendations and policy tailwinds.  HDFC Life was trading at Rs 785.65, up Rs 3.45 or 0.44 per cent, LIC rose to Rs 911.75, gaining…

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