Automotive Metal Die Casting Market Size, Share, Global Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Research Repor
Ahead of Market: 12 things that will decide stock action on Thursday
SECTIONS
Share
Synopsis
Rohit Singre, Senior Technical Analyst at LKP Securities said, The index has formed a good base near 14,500-14,430 zone and any break below said levels can emerge in more profit booking. Analysts said the index could be in for some consolidation, and believe Nifty testing of the 14,400-14,367 range could put an end to the ongoing strong momentum.
Related
NEW DELHI: Nifty today touched its fresh all time high, but soon saw a bout of profit booking and settled at almost the same level as the previous close. The headline index formed a bearish candle with a long lower shadow similar to a Hanging man pattern for the day.
The market has been driven primarily by foreign institutional investors in the last few months, as they have reallocated funds to emerging markets due to a drop in the dollar.
How to choose auto component stocks
Here are some yardstick for selecting auto component stocks
Listed vehicle manufactures are only a handful in number. But it is not so when it comes to the auto component space, which has a number of mid- and small-cap stocks. The supply chain for the auto companies is quite long, consisting of at least three tiers of vendors. Thus, the auto component industry is highly fragmented. With auto being a cyclical industry, the fortunes of many parts suppliers also wax and wane with ups and downs in the cycle. Typically, companies having a diversified client and geography base, those supplying to more than one segment of vehicles (i.e., cars, bikes, trucks, three-wheelers, tractors, off-road vehicles) as well as those that cater to both the new vehicle as well as the replacement market requirements tend to weather a storm better. How should investors go about picking auto component stocks? Here’s a guide: