One of the sector performed well after recent corporate tax cut was Auto sector. Because of various issues like BS6, Sales dump, electric vehicles etc auto sector was under-performing compared to other sectors for past many months.
So after the tax cut news many auto stocks zoomed up to 15 to 20% and finally settled between 5 to 15% in the last few days trade. Now after two weeks Maruti up 11%, Eicher motors 13.9%, Ashokley 15.7%, Exide 12% and Escorts 15.5%.