The performance of sectors has varied widely. While some have strongly outperformed the Sensex and surged up to five times more than the benchmark YTD, there are a few that have underperformed
So far, the BSE Auto index has gained 3 percent this month whereas related stocks from the sector like Maruti Suzuki, M&M, Tata Motors, Bajaj Auto, Eicher Motors and Hero MotoCorp surged in the range of 2-8 percent
Mahindra & Mahindra surged by 2.52%. TVS Motor, Hero Moto Corp, and Tata Motors moved up by about 1% on Monday. The festive season, which starts in the second half of September, is expected to drive demand across segments within the auto industry, said analysts.