English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsBusinessMoneycontrol Research

    This auto ancillary stock is worth adding to long-term portfolio

    SEL’s diversification across products and clients, promising aftermarket and export potential, and attractive valuations make it worthy of investor consideration

    Nitin Agrawal
    August 31, 2021 / 10:18 AM IST
    This auto ancillary stock is worth adding to long-term portfolio

    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

    Suprajit Engineering Ltd. (SEL) (CMP: Rs 323, Mcap: Rs 4,470 crore), a manufacturer of automotive and non-automotive cables, reported an expected set of numbers for Q1 FY22 amid the challenges posed by the second wave of COVID-19. Sequentially, net revenues saw a significant decline and operating margin contracted due to a negative operating leverage. However, SEL’s diversification across products and clients, promising aftermarket and export potential, and attractive valuations (17.8 times FY23 projected earnings) make it worthy of investor consideration....

    • PRO Panorama

      Moneycontrol Pro Panorama | Are US and Indian markets decoupling?

      Aug 8, 2022 / 05:36 PM IST

      In today’s edition of Moneycontrol Pro Panorama: The oil breather, Titan’s lustre, the Eastern Window, populism’s price, power 'Panchamrit' and more

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot 

      Aug 6, 2022 / 10:21 AM IST

      A look at the current macro readings is enough for the RBI governor not to budge and dilute his ‘withdrawal of accommodation’ stance

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers