Why Are Auto Stocks Falling Amid Of Festive Season? Bajaj Auto, TVS Motor, M&M, Maruti Shares

Despite the festive season, auto stocks are facing a decline, with two-wheeler and four-wheeler stocks both under pressure. So, where does the opportunity lie in the current market for auto stocks? Aditya Agarwal, Head of Derivatives & Technical at Sanctum Wealth, sees growth potential in four-wheeler stocks, especially in Mahindra & Mahindra. He notes that the stock has experienced pressure in the last 3-4 trading sessions, presenting a strong buying opportunity at ₹2,980 or ₹2,900 levels. A correction of 100-150 points is desirable, and the stock is expected to reach ₹3,200-₹3,300. In comparison, two-wheeler stocks Bajaj Auto, Hero Motor appear slightly weaker, and Aditya Agarwal recommends waiting for a correction and signs of reversal before considering a buy. Watch this video for a detailed analysis!