Auto sector allocations scale new highs
Business

Auto sector allocations scale new highs

By Dan Neff

Also, auto makers’ earnings are likely to be boosted by volume at the higher average price realisation as the share of higher priced vehicles improves, coupled by boost from margin expansion owing to moderating raw material prices.

Synopsis

Local investors are also showing confidence in auto stocks like their foreign counterparts. The allocation to auto stocks in local funds rose to a multi-month high of 8.2% in June 2023, data compiled by Motilal Oswal show.

ET Intelligence Group: Institutional investors are raising allocation to the auto sector at full throttle following strong earnings growth in the current fiscal year that could add around 3 percentage points to the Nifty’s earnings. The weight of the auto companies in the portfolios of foreign investors rose to a record high of 6.5% at the end of June 2023, data from NSDL show. Local investors are also showing confidence in auto stocks like

BY

ET Bureau

3 mins read, Last Updated:

  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Read this story for free.

Unlock your 30 days free access to ETPrime now.

Login to unlock

*No card details required.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

  • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.

Dan Neff