Best Auto Stocks on Nifty Top Gainers & Top Losers March & YTD 2024
There are 32 automobile and auto components stocks on NSE. These best auto stocks comprised of large, medium and small enterprises. These stocks are constituents of three indices – Nifty50, Nifty100 and Nifty500.
Six of thirty one listed index shares are part of Nifty50 – Bajaj Auto, Mahinda (M&M), Maruti, Tata Motors, Hero MotoCorp and Eicher Motors. All of these are tier 1 OEM companies.
Only two of them are part of Nifty100 index. Remaining twenty three stocks are part of Nifty500 index. Majority of shares in Nity500 list are auto component companies barring a few like TVS motors.
March Performance:
Price gains in the auto stocks was driven by both mid-caps as well as by the blulechip stocks belonging to Nifty50 which performed well in the month of March. There were no stocks which delivered double digit price gain. But, only 4 out of 32 stocks in the list delivered negative price returns in the month.
Olectra Greentech Ltd (NSE: OLECTRA) topped the chart with just 7% price gains in Mar, all other top stocks delivered between 3%-5% in terms of price performance. 8 stocks in the list delivered just 1% price gains. M&M, MARUTI & EICHERMOT were only Nifty50 stocks in the top ten.
The table provides list of index stocks from automobile industry with index description and price gains over period of time and last closing price on 28 Mar, 2024 for the price returns.
Table: Auto Shares – Top Gainers & Top Losers
| Stock Symbol | Index | YTD Price Gain | Jan-Mar Qtr | Mar | Closing Price 28 Mar |
|---|---|---|---|---|---|
| OLECTRA | Nifty500 | 38% | 38% | 7% | 1,888.6 |
| SUNDRMFAST | Nifty500 | -12% | -12% | 5% | 1,093.6 |
| JAMNAAUTO | Nifty500 | 18% | 18% | 5% | 132.3 |
| CIEINDIA | Nifty500 | -7% | -7% | 4% | 461.8 |
| ENDURANCE | Nifty500 | -5% | -5% | 4% | 1,827.0 |
| CRAFTSMAN | Nifty500 | -19% | -19% | 3% | 4,314.9 |
| TVSMOTOR | Nifty200 | 7% | 7% | 3% | 2,151.9 |
| M&M | Nifty50 | 13% | 13% | 3% | 1,921.4 |
| MARUTI | Nifty50 | 23% | 23% | 3% | 12,600.4 |
| EICHERMOT | Nifty50 | 0% | 0% | 3% | 4,019.3 |
| BALKRISIND | Nifty200 | -10% | -10% | 2% | 2,317.4 |
| CEATLTD | Nifty500 | 10% | 10% | 2% | 2,682.4 |
| BAJAJ-AUTO | Nifty50 | 37% | 37% | 2% | 9,148.2 |
| MSUMI | Nifty200 | 6% | 6% | 2% | 66.1 |
| UNOMINDA | Nifty500 | 0% | 0% | 2% | 684.8 |
| SUPRAJIT | Nifty500 | 0% | 0% | 2% | 412.2 |
| ZFCVINDIA | Nifty500 | -7% | -7% | 1% | 15,181.0 |
| ASAHIINDIA | Nifty500 | -6% | -6% | 1% | 536.4 |
| MRF | Nifty200 | 3% | 3% | 1% | 1,33,387.4 |
| HEROMOTOCO | Nifty50 | 15% | 15% | 1% | 4,722.3 |
| SONACOMS | Nifty200 | 9% | 9% | 1% | 706.0 |
| TATAMTRDVR | Nifty500 | 25% | 25% | 1% | 657.2 |
| TATAMOTORS | Nifty50 | 26% | 26% | 1% | 992.8 |
| JBMA | Nifty500 | 11% | 11% | 1% | 1,804.2 |
| EXIDEIND | Nifty500 | -5% | -5% | 0% | 304.6 |
| TIINDIA | Nifty200 | 4% | 4% | 0% | 3,736.6 |
| VARROC | Nifty500 | -10% | -10% | -1% | 503.9 |
| APOLLOTYRE | Nifty200 | 3% | 3% | -1% | 466.5 |
| SCHAEFFLER | Nifty500 | -12% | -12% | -3% | 2,811.4 |
| ARE&M | Nifty500 | -8% | 3% | -10% | 760.4 |
Data Source: NSE