Hyundai Motor India shares rose nearly 5% in spite of a 22% year-on-year drop in Q4 FY26 net profit to Rs 1,256 crore. Revenue grew more than 5% and the board recommended a Rs 21 per share dividend. Brokerages kept “Buy” calls, citing upcoming model launches and strong export momentum as key reasons for optimism.
Indian equity markets have held up despite geopolitical tensions and volatile oil prices, signaling that investors may think the worst is already priced in. Market expert Nischal Maheshwari backs a “buy on dips” approach, pointing to a shift from PSU banks toward private lenders. He also flags auto stocks, saying valuations need caution.
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Mahindra and Mahindra shares surged more than 2% to an intra-day high of Rs 3,380.70 after the company reported a strong Q4 FY26 consolidated profit growth of 42% year-on-year. The rally reflects investor optimism around the auto major’s earnings momentum, following a sharp jump in profitability for the quarter.
India’s auto sector logged strong year-on-year growth in April, overcoming a sequential dip blamed on high March bases and earlier supply disruptions. Maruti Suzuki gained month-on-month, buoyed by GST benefits and broad demand. Tractor and two-wheelers stayed firm, but auto ancillaries face margin pressure as commodity costs rise, with tougher FY27 conditions looming.
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