BSE Auto Index shines in January 2021; up by 8 per cent
As the month of January 2021 comes to an end, we observed that among all the sectoral indices, the auto sector has managed to lead by giving positive returns of around 8 per cent from January 1, 2021 to January 29, 2021.
The biggest gainer in the auto sector which gave a boost to the index was Tata Motors, gaining by 43.18 per cent in the month of January 2021. Following it, was the stock of Vaksons Automobiles, which gave a positive return of 22.88 per cent. The remaining stocks in the top 5 list included Bajaj Auto,TVS Motor Company and Ashok Leyland.
After BSE Auto index, BSE Capital Goods and BSE Telecom indices were the major gainers, giving affirmative returns of 4 per cent each. The trigger stocks for these indices were V-Guard Industries, giving a return of 22.79 per cent and Havells India that gave a return of 14.77 per cent. HFCL Limited gave a return of 11.78 per cent, followed by Bharti Airtel, delivering a positive return of 7.4 per cent between the period of January 1, 2021 and January 29, 2021.
The indices that performed on a weaker side were BSE Energy and BSE Healthcare, which dipped by 5.92 per cent and 4.27 per cent, respectively. The stocks of Chennai Petroleum Corporation and Goa Carbon Limited dipped by 15.69 per cent and 10.36 per cent, respectively whereas, the stocks of Suven Life Sciences and AstraZeneca Pharma India fell by 22.42 per cent and 21.11 per cent, respectively. Following energy and healthcare sectors were the Bankex and metal sector, which fell by almost 3 per cent each.