Wabco and Bosch: Long-term portfolio additions despite sluggish demand outlook
September 24, 2019 / 01:16 PM IST
The automobile sector is witnessing a bad phase and auto ancillaries are facing more trouble compared to the original equipment manufacturers (OEM). Leaders in the auto ancillary space are no exception and have faced a sharp correction in their stock prices.
Two companies with strong fundamentals and good long-term prospects but whose shares have declined are Wabco India (Wabco) and Bosch. Both are sound long-term portfolio candidates, primarily, due to their leadership positions in respective markets and a positive outlook...