Top Automotive Manufacturer Shares in India

The Indian Automotive Industry holds an overall 8% of India’s GDP growth. The demand for buying auto vehicles is a never-ending process. With the new government, innovative focus on electric vehicles will bring high demand for buying top automotive manufacturer shares.

In this article, we will discuss some best auto sector stocks for a long-term perspective. The fundamentals of the company share fair value, intrinsic value, promoters pledged shares, can help you decide on investment.

Top Automotive Manufacturer Shares in India:

  1. Maruti Suzuki: Maruti Suzuki shares trading at Rs.7050. Almost 15% corrections we have seen from 52weeks high. The intrinsic value of Maruti Suzuki is more than the current price. But the stock is not in the overbought zone which is more important for investors. Buy Maruti shares at the current price, for short and medium-term perspective 8000 levels, but the shares can go beyond the target in long term 10000 marks. The fundamental of the company is good and the promoter holding pledged shares is very less.
  2. Mahindra & Mahindra: Mahindra & Mahindra shares trading at Rs.822. Nearly 15% corrections the stock has made from its 52weeks high. The intrinsic value of M&M is higher than the current price. The best part is the stock is not in the overbought zone, stock entry-level is quite pretty. Buy M&M shares at the current market price for the target of Rs.1050 for a long-term perspective. There are fewer promoter shares pledged which is positive in sense.
  3. Tata Motors: Tata Motors shares trading at Rs.320. The current share price is not far from the 52weeks high. The intrinsic value of Tata Motors is higher than the current price. Tata Motors shares can be considered at the current market price, and the stock is not in an overbought zone. From a long-term perspective, the stock can go above Rs.600. Less promoter share pledged which is a good sign.

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Hi i am Samiran Debnath Admin of this website. I am Financial Advisor by profession build client portfolio in stock market and Mutual Fund. I help people to dematerilise physical shares into electronic mode opening demat account. Help clients to choose best insurance policy for them. I love sharing my views on stock market and the benefits investing in SIP and Mutual Funds.

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