The Sundram Fasteners stock is a good bet to ride on the upturn in domestic auto sales. This TVS group company supplies ancillaries such as fasteners, radiator caps, hot forged parts and engine components for commercial vehicles, cars, two-wheelers and tractors. It also manufactures value-added components such as hubs and shafts, and pumps and assemblies. With vehicle sales gaining speed, the company’s market leadership position in fasteners and long-standing relationship with vehicle manufacturers promise good prospects. Investors with a perspective of one to two years can buy the stock. At the current price, it trades at a price-to-earnings (PE) ratio of about 17 times its trailing 12 month standalone earnings. This is reasonable, considering that many auto component stocks trade at much steeper valuations, thanks to the rally in the last two years. Read More