Auto ancillary stocks in focus on hopes of fresh demand from OEMs

Auto ancillary stocks in focus on hopes of fresh demand from OEMs

Shares of auto ancillaries have seen a firm uptick as their business outlook seems to have turned better.

AgenciesUpdated: Sunday, January 16, 2022, 04:22 PM IST
article-image
The data showed that Kranti Industries shares surged over 60 per cent during the six months period. | Mike

With supply of chips required in manufacturing of automobiles improving, Shares of auto components may see a rebound in demand from original equipment manufacturers across the globe.

Auto ancillary stocks have seen a firm uptick as their business outlook seems to have turned better.

Automotive Stampings and Assemblies gained 1,072 per cent in the past six months period. Automotive Stampings and Assemblies manufactures sheet metal components, welded assemblies and modules for automobiles.

The data showed that Kranti Industries shares surged over 60 per cent during the six months period.

(With inputs from IANS)

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byjus's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29...

A Big Relief For Byjus's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29...