Synopsis
The auto sector has caught the fancy of investors over the past few months thanks to strong volume visibility for passenger vehicles, a spate of new launches, and value unlocking from monetization of the electric vehicle (EV) subsidiaries.
ET Intelligence Group: Institutional investors have increased allocation to the automobile sector as improving demand and softening commodity prices are expected to benefit margins. The allocation of foreign portfolio investors (FPIs) to the sector touched a multi-year high of 5.5 per cent in July, the data from NSDL showed. Local funds remained equally bullish on the sector with a nearly four-year high allocation of 7.7 per cent. July was the
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