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

Big Rule Changes From October 1, From UPI To Rail Booking – What’s New & How It Will Impact You?

Big Rule Changes From October 1, From UPI To Rail Booking – What’s New & How It Will Impact You?

LPG Cylinder Becomes Costlier On Mahanavami, Commercial Gas Prices Hiked In Major Cities

LPG Cylinder Becomes Costlier On Mahanavami, Commercial Gas Prices Hiked In Major Cities

India Expands LPG Connections To More Than 33 Crore, Boosting Natural Gas Pipeline Network From...

India Expands LPG Connections To More Than 33 Crore, Boosting Natural Gas Pipeline Network From...

IREDA's Loan Sanctions Surge By 86% To ₹33,148 Crore, Scaling Up Support For Clean Energy Projects

IREDA's Loan Sanctions Surge By 86% To ₹33,148 Crore, Scaling Up Support For Clean Energy Projects

UPI Sees 31% Transaction Count Growth At 19.63 Billion: NPCI

UPI Sees 31% Transaction Count Growth At 19.63 Billion: NPCI