With the rate cut announced by the RBI fuelling hopes of cut in bank interest rates, the auto stocks were in limelight on the BSE today.
However, the increase in share prices was not uniform across the auto pack. While two-wheeler scrips saw significant gains, the increase in share prices of car and commercial vehicles manufacturers was a little muted.
Bajaj Auto moved up to Rs 1,718.10, a gain of Rs 45 and Hero Motocorp jumped by Rs 25.45 to Rs 2,147.85.
However, M&M witnessed a more modest increase of Rs 8.15 to Rs 692.60, Tata Motors was up by Rs 8.35 at Rs 309.80 and Maruti Suzuki gained Rs 11.85 at Rs 1,353.45.
Truck maker Ashok Leyland’s share price moved up by 55 paise to Rs 29.90.