Auto Stocks Surge; Maruti Hits Year’s Peak Price

Indian auto stocks raced ahead on festive season demand, with Maruti Suzuki hitting a 52-week high following a Buy call from Goldman Sachs. Strong consumer interest during the festival period and optimistic market sentiment drove the rally in automobile shares.

Maruti’s performance was particularly notable, reflecting investor confidence in the company’s robust sales and growth prospects. Analysts say that the combination of positive brokerage recommendations and seasonal demand has created favorable conditions for auto stocks, making it an attractive segment for investors.

As the festival season continues, auto shares are expected to remain in focus, with Maruti leading the pack and setting new benchmarks in the market.