Bharat Forge may see 15-20% upside: Rajesh Kothari

Rajesh Kothari, Managing Director at AlfAccurate Advisors told CNBC-TV18, "We continue to hold auto ancillary companies in our portfolio because we believe that as the US economy probably grows higher than right now what street is expecting, there is a likelihood of overall car demand, to which Motherson Sumi primarily caters to, there is a increased scope for that.""For companies like Bharat Forge seen in the last month, the class-VIII trucks orders have gone up significantly. So, right now, what the street is expecting is probably very lower hand of the estimate and there is a possibility of company delivering more than what street is expecting. Valuations are not cheap, but they are not expensive either and there is a good scope of 15-20 percent upside from current level," he said.