GST council meeting: Auto stocks like Mahindra & Mahindra (M&M), Tata Motors, Samvardhan Motherson, Maruti Suzuki witnessed a significanr rally up to 6 per cent in Thursday’s trading session after the government reduced GST rates for vehicles and auto parts.
M&M share price was the top gainer in Nifty Auto index, was up nearly 6.5 per cent on September 4. Meanwhile, Eicher Motors, Balkrishna Industries, Tata Motors shares were also up 2.46 per cent, 1.88 per cent and 1.24 per cent.
Other auto stocks like Samvardhan Motherson, TVS Motor, Maruti Suzuki were also trading higher up to 1.5 per cent.
(This is a developing story)
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