Auto shares rebound as no hike in excise duty
Tuesday, 1 March 2011
MUMBAI, Feb 28 (Economic Times): Shares of auto companies bounced back in positive territory as the finance minister didn't hike the excise duty on automobiles as feared by the industry, say analysts.
Shares of Mahindra & Mahindra rose 5.53 per cent, Maruti Suzuki rallied 3.01 per cent, Bajaj Auto moved 1.67 per cent higher and TVS Motors surged 6.99 per cent.