Market Overview
-
Nifty 50 fell ~1.2% over the week
-
Nifty Auto ended lower at ~23,493.80, down around 1.77% on July 11
EV & Related Stocks Weekly Snapshot
| Company | LTP* | Weekly Change (%) | Weekly Change (₹) | Notes |
|---|---|---|---|---|
| Tata Motors | ₹945 ↘︎ | –4.5% | –₹45 | Broad auto downtrend |
| Mahindra & Mahindra | ₹3,075 ↘︎ | –2.1% | –₹65 | Underperformed midweek |
| Maruti Suzuki | ₹12,580 ↘︎ | –0.5% | –₹60 | Outperformed peers |
| Exide Ind | ₹190 ± | +0.5% | +₹1 | Minor bounce in the auto index |
| Amara Raja | ₹870 ± | +0.2% | +₹2 | Charging battery firm steadily |
| Eicher Motors | ₹3,200 ↘︎ | –1.0% | –₹32 | Broader weakness |
Key News & Sentiment
-
Global tariff worries dragged markets, hitting auto & EV firms hardest
-
Ola Electric dropped to a record low of ₹39.76 on July 11 (–75% from peak), ahead of Q1 results
-
VinFast signed 13 dealer pacts, aiming for 35 showrooms by 2025-end, boosting infrastructure outlook
Top 3 Gainers & Losers (EV Space)
Gainers
-
Exide Industries (+0.5%) – benefited from sector rotation
-
Amara Raja (+0.2%) – stable battery demand
-
Maruti Suzuki (+1.44% on July 10) – auto uplift midweek
Losers
-
Ola Electric (– sharp decline to ₹39.76)
-
Tata Motors (~–4.5%) – under broader auto pressure
-
Eicher/M&M (~–2% to –3%) – lagged midweek
Performance vs Benchmarks
-
Most EV & ancillary stocks underperformed Nifty 50 (–1.2%) and Nifty Auto (–1.8%)
-
Maruti Suzuki was the lone standout, outperforming the auto index
-
Overall, auto/EV sector sentiment is bearish, driven by global macro concerns
