over the past decade the maximum return in the last two months of the year was 174 per cent in 2009 and minimum was 14 per cent in 2011 et intelligence group automobile companies may report moderation in volumes in the remaining two months of the calendar year after a busy festive season but that may not affect their stock performance going by the historical trend the nifty auto index has outperformed the benchmark nifty 50 in november and december in eight out of the past 10 years according to data compiled by idfc considering the combined performance in these two months the auto index has outperformed the broader index by an average 2 per cent return in the past 10 years advt this suggests the cyclicality factor gains higher prominence in the last two months despite lean volume neeraj agarwal vice president for alternative research idfc securities believes that due to positive cyclicality effect any decline in the auto index should be used as an opportunity to take long positions for a target of 90509100 levels we expect renewed buying interest to prevail in heromotocorp tvs motors eicher motors and maruti said agarwal the nifty auto index closed at 8004 on thursdayover the past decade the maximum return in the last two months of the year was 174 per cent in 2009 and minimum was 14 per cent in 2011 read alsoauto stocks raring to rebound but may not see good old daysauto stocks may find it difficult to sustain rally the auto index has outperformed the nifty 50 by 4 per cent and closed in the positive territory for the past three months in a row the monthly returns of the nifty auto index since 2011 shows only once the consecutive gain for three months was followed by profit booking profit booking was usually observed after either four months or eight months of consecutive gains by ashutosh shyam et bureau published on nov 22 2019 at 0750 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app auto auto sales festive sales auto stock nifty homenewsindustryauto volumes may lose steam after festive sales stocks likely to maintain momentum