Page 25 - Uno Minda News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As the whole landscape for the auto sector changes, select auto ancillary stocks are coming back on the attention list. Last week an auto ancillary major announced the opening of two plants for Electric Vehicle space only. Probably this is just the beginning, more auto ancillary units would be announcing it sooner than later. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list

This facility will manufacture a wide array of essential EV components, including On-Board Chargers, Off-board Chargers, Motor Control Units, DC-DC Converters, and Battery Management Systems

On Monday, 1553 stocks advanced, 2174 declined and 168 remained unchanged, with an advance decline ratio of 0.71 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Weak Asian cues caused markets to continue to experience wild fluctuations, markets recovered thanks to the strength of IT companies. Equity markets, however, have lost some of their lustre as macroeconomic headwinds have have surfaced.

Uno Minda Group: One of them is in Farukhnagar, Haryana, as a joint venture with FRIWO AG Germany, and the other is under its subsidiary Uno Minda Buehler Motor Private Limited (UMBM) in Bawal, Haryana, the company said.

"Prefer to play the auto industry through auto ancillaries where opportunities still exists. We like Bharat Forge and Samvardhana Motherson. There is little opportunity or margin of error in the high buzz four-wheeler, two-wheeler spaces. While the stock market has yet to rerate Bharat Forge fully, the company offers a benefit through India's Make in Defence programme and can be approached from a medium to long-term investment perspective."