Auto stocks outperform benchmark indices in May 2022

Auto stocks outperform benchmark indices in May 2022

The sector can be an indirect beneficiary of the cut in excise duty on petrol and diesel, as well as the export levy on steel and related raw materials, as well as the impact of the sudden cut in excise duty on petrol and diesel. May 2022 has been a good month for the auto sector, with stocks outperforming the benchmark indices by a wide margin. The benchmark indices, the BSE Sensex and Nifty, have fallen by around 5 per cent this month, while select auto stocks like TVS Motor Company and Hero MotoCorp have gained 7 per cent and 5 per cent. Business Standard has always strived to provide up-to-date information and commentary on developments that are of interest to the country and the world. Your encouragement and constant feedback on how to improve our offering has made our resolve and commitment to these ideals stronger. We continue to keep you informed and informed about the difficult times arising out of Covid 19, even though we continue to provide you with credible news, authoritative views and incisive commentary on topical issues of relevance.

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