Abstract
The COVID – 19 pandemic has deteriorated multiple facets of the stable functioning of economies of most countries. Social restrictions associated with the immediate response to the pandemic has curtailed dynamic functioning of many industries that buttress the economic development of countries. Performance of automotive industries was expected to nosedive following the travel restrictions. One of the major sources of profit for the automotive industries in India is their consumer base in countries like U. K, Germany, and China etc. Severity of the pandemic in these countries entailed trade regulations that propelled a negative trend in the market growth of Indian automotive industries. But the economy of automotive sector of India was saved from a free fall by the countering effect of the domestic demand in private transportation. This paper presents the technical analysis on the Maruti Suzuki Private Limited to measure the stock movement of the Automobile sector in the Indian Stock Market.
Highlights
Stock Exchange is a place where stock brokers and traders trade stocks, bonds and other securities and often functions as continuous auction
The pattern holds similar for both NIFTY-Automobile Index and Nifty Index, but it has upward trend set during January 2020- April for Maruti Suzuki
We find that the stocks of both the indices of Nifty Index and NIFTY-Automobile Index show a gradual bullish trend gradually after June
Summary
Stock Exchange is a place where stock brokers and traders trade stocks, bonds and other securities and often functions as continuous auction. It facilitates issue and redemption of securities and other capital events including the payment of income and dividends. The automobile sector in India contributes to 7.1% of the National GDP. The growing interest of companies in exploring the rural demand further aids the growth of the sector. Indian Automobile sector may emerge as one of the leading segments in the stock market as they constitute lucrative and regularly traded stocks. Limited to measure the stock movement of the Automobile sector in the Indian Stock Market
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
