2 Fresh Priority Picks from Auto Ancillaries & 1 Free Multibagger Pick.
We had review 21 stocks from Auto Ancillaries and We have 11 stocks with Buy rating.
| Stock | Price | PE ratio | Price to Book |
| Auto axle | 1365 | 18 | 4.6 |
| Banco | 170 | 9.7 | 1.5 |
| Bosch | 18500 | 36 | 5.6 |
| Federal Mogul | 427 | 28.4 | 3.6 |
| FIEM | 574 | 13.7 | 1.69 |
| India Nippon | 430 | 18.35 | 2.8 |
| Jamna Auto | 66 | 17 | 6.2 |
| LG Balakrishna | 403 | 13.3 | 2.3 |
| Lumax Auto Tec | 200 | 22 | 2.83 |
| Lumax Indus | 1682 | 20 | 4.3 |
| Minda Corp | 136 | 19.6 | 4.2 |
| Minda Ind | 330 | 25.6 | 6.8 |
| Motherson Sumi | 167 | 31 | 4 |
| Munjal Auto | 59 | 16.2 | 2 |
| Munjal Showa | 175 | 9.2 | 1.1 |
| PPAP | 371 | 12.2 | 1.93 |
| Sharda Motors | 1524 | 11 | 2.6 |
| Subros | 268 | 20 | 4 |
| Suprajit Engg | 213 | 21.7 | 4.5 |
| Wabco | 6500 | 40 | 8 |
| Wheels | 974 | 32 | 4.5 |
Free Multibagger Pick:
Sharda Motor Industries Ltd.
BSE: 535602 | NSE: SHARDAMOTR
Share price: 1524. Target 3100. SL 1200. Upside 100% in less than 18 months.
Sharda Motors is trading at a PE of 11 and Price to Book of 2.6. Stock is zero debt company and has decent cash in hand. Stock has good Margin% of 14% and has a good ROE% and ROCE% of 22% and 21% respectively.
On technical, stock has fallen from 52 week high close to 2800 and is taking support at 200 EMA in weekly charts at 1500. Stock will face resistance at 1800-2000 on the upside due to 200 EMA on Daily charts. Above 2000, stock will move swiftly towards our target.
We have a target of 2000 in 3-6 months and 3100 in less than 18 months.
From the above list, we like stocks like, Banco, FIEM, India Nippon, Jamna Auto, LG Balakrishnan Bro, Lumax auto tec, Minda Corp, Munjal Showa, PPAP Auto & Subros on short term as well as long term. We like Suprajit and Minda corp on dips for long term.
From the list, we have 2 fresh Priority Multibagger stocks for long term.
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