Sekhar told CNBC-TV18, "Ahmednagar Forgings is a small cap auto ancillary company. But it happens to be the largest forging manufacturers in the small and medium component segment and it services both the auto and the industrial segments."
He further added, "With the revival in auto demand and as the industrial capex starts picking up for the next cycle; you will have companies such as Ahmednagar Forgings posting robust volume growth. It has attractive valuations at less than 5 times one year forward earnings help the investors to create a lot of wealth. So a one year target can be 25-30% upside from the current levels."
