Risk and return analysis plays a vital role in financial decision-making, especially in stock market investments. The Indian stock market, driven by the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), significantly contributes to economic growth. This study examines the risk and returns of selected automobile sector stocks listed on BSE and NSE from 2014 to 2024. It evaluates company performance using total returns, standard deviation, beta, correlation, and covariance. The goal is to assess stock volatility and market sensitivity, helping investors choose stocks that align with their risk appetite and investment goals. This comparative analysis offers insights into stock stability and returns potential, supporting informed portfolio decisions.