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Discovery Series: An auto-ancillary company for the long-term portfolio!

We have identified an auto-component maker with a proven track record of delivering strong financial performance, marquee clients in its kitty, strong presence in the automotive steel wheel rim industry with a large wallet share from leading original equipment manufacturers (OEMs).

December 31, 2020 / 09:26 AM IST
Discovery Series: An auto-ancillary company for the long-term portfolio!

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

In our discovery series, we spot stocks that have hitherto not been covered by our team but merit attention as the numbers and outlook appear promising. In a market that saw a sharp recovery across the automobile segment post opening up of the economy and front-line stocks touched 52-week highs, we endeavour to find quality companies from the ancillary space that have strong business footing, growth prospects and are available at decent valuations. We have identified an auto-component maker with a...

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