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The Relative Strength Index of the stock stood at 55.82 on Tuesday.

Divgi TorqTransfer has recorded a net profit of Rs 26 crore as of September 2022, while total income stood at Rs 137 crore in the same period. Between FY20 and FY22, the company’s profit after tax increased at a CAGR of 28.30%.

A total of 13,770 shares changed hands on the counter till 12:35PM (IST)

Price in uptrend sustaining above the recent rangebreakout area and 20 days EMA.

Eicher Motors, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 82956.82 Crore) operating in Auto sector.

With the recent price increase, there should be seen margins improving in the near term.

Sona BLW Precision Forgings is an automotive systems and components manufacturer, offering differential assemblies, gears, conventional and micro-hybrid starter motors, BSG systems, EV traction motors, and motor control units.

It has been a market leader in the tractor segment. While the growth in the tractor industry is expected to moderate due to high base. “We believe M&M would grow ahead of the industry due to its market leadership position and deep penetration in the rural market,” highlights Gaoshinde.

The Nifty Auto index was trading 0.74 per cent down at 12363.9.

The improvement in the bank’s core RoA is expected to drive strong outperformance in the near to medium term.