Auto ancillary bets.

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by Drpkabbu, Jul 25, 2016.

  1. Drpkabbu

    Drpkabbu New Member

    Joined:
    Aug 15, 2015
    Messages:
    7
    Likes Received:
    0
    Auto ancillary stocks are buzzing. Any long term bets. View on MRF please?
     
  2. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

    Joined:
    Mar 28, 2015
    Messages:
    1,898
    Likes Received:
    769
    MRF is excellent stock but PE is very high and so chance of gains is less in short term period. Better go for small cap stocks like Sundaram Fastener, BANCO, LG Balkrishna and many others are there with high ROE, low debt, good management and track record of performance. :)
     
  3. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

    Joined:
    Mar 28, 2015
    Messages:
    1,898
    Likes Received:
    769
    Even Oriental Carbon is ancillary stock because they make raw material for tires radial and have monopoly over product in India.
     
  4. krish123

    krish123 Member

    Joined:
    May 7, 2017
    Messages:
    82
    Likes Received:
    10
    mrf good for long term in auto anciliary autoline axle is good as it is backed by kalyani group
     
  5. saashy

    saashy Member

    Joined:
    Jan 26, 2016
    Messages:
    40
    Likes Received:
    22
    Technocraft Is worth having having a look as well
     
Loading...