Auto Stocks to Buy: Automobile stocks have delivered a mixed performance in recent months, but several continue to enjoy strong analyst backing amid expectations of sustained demand and improving earnings. According to analyst consensus data compiled by INDmoney, a number of large- and mid-cap auto stocks still offer upside potential based on their target prices. Mahindra & Mahindra Ltd tops the list with an estimated upside potential of 32.13 per cent, followed by Hero MotoCorp Ltd, Maruti Suzuki India Ltd, Ashok Leyland Ltd, TVS Motor Company Ltd and others.
Here’s a look at these auto stocks, along with their current market prices (CMP), analyst ratings, target prices and the potential gains implied by analysts’ estimates.
Auto Stocks with high upside potential
- Maruti Suzuki India Ltd | Large Cap | Analyst Rating – BUY | CMP – Rs 13,808.20 | Target Price – Rs 16,183 | Upside Potential – 17.19 per cent
- Mahindra & Mahindra Ltd | Large Cap | Analyst Rating – BUY | CMP – Rs 3178.65 | Target Price – Rs 4,200 | Upside Potential – 32.13 per cent
- Bajaj Auto Ltd | Large Cap | Analyst Rating – BUY | CMP – Rs 10,437.45 | Target Price – Rs 11,045 | Upside Potential – 5.82 per cent
- Eicher Motors Ltd | Large Cap | Analyst Rating – BUY | CMP – Rs 7,565.60 | Target Price – Rs 8,000 | Upside Potential – 5.74 per cent
- TVS Motor Company Ltd | Large Cap | Analyst Rating – BUY | CMP – Rs 3,618.65 | Target Price – Rs 4,050 | Upside Potential – 11.92 per cent
- Samvardhana Motherson International Ltd | Large Cap | Analyst Rating – BUY | CMP – Rs 144.70 | Target Price – Rs 150 | Upside Potential – 3.66 per cent
- Bosch Ltd | Large Cap | Analyst Rating – BUY | CMP – Rs 40,883.80 | Target Price – Rs 44,765 | Upside Potential – 9.49 per cent
- Hero MotoCorp Ltd | Mid Cap | Analyst Rating – BUY | CMP – Rs 4,911.25 | Target Price – Rs 5,861 | Upside Potential – 19.34 per cent
- Ashok Leyland Ltd | Mid Cap | Analyst Rating – BUY | CMP – Rs 155.20 | Target Price – Rs 180 | Upside Potential – 15.98 per cent
- Uno Minda Ltd | Mid Cap | Analyst Rating – BUY | CMP – Rs 1,152.60 | Target Price – Rs 1,260 | Upside Potential – 9.32 per cent
According to data compiled by INDmoney, TVS Motor Company Ltd has delivered the highest three-year return among the selected auto sector stocks at 171.21 per cent. It is followed by Eicher Motors Ltd with 127.12 per cent, Samvardhana Motherson International Ltd with 124.81 per cent, Bajaj Auto Ltd with 116.50 per cent, Bosch Ltd with 113.89 per cent, Mahindra & Mahindra Ltd with 105.85 per cent, Uno Minda Ltd with 102.33 per cent, Ashok Leyland Ltd with 79.25 per cent, Hero MotoCorp Ltd with 58.56 per cent and Maruti Suzuki India Ltd with 43.67 per cent over the past three years.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
Akshat Mittal is the Chief Copy Editor at ET NOW with over 6 years of experience, specialising in Markets, Personal Finance, and General News. Before joining ET NOW, he worked with prominent media organisations and has reported on numerous major events firsthand.
He has also conducted several high-profile interviews on topics such as the 8th Pay Commission and the IMF’s loan to Pakistan amid Operation Sindoor.
Akshat has been involved in numerous key business launches, covering these events on the ground. His articles are widely published in national magazines and newspapers, where he has conducted several interviews with prominent political figures.
He was the first to bring out the IMF spokesperson’s statement on the voting pattern of the Executive Directors, following reports claiming that ‘no is not an option’ in the IMF voting procedure.
Akshat is passionate about public speaking and has delivered numerous lectures at colleges and schools. He also served as a member of a Youth Parliament in Delhi.
