Auto and auto ancillary space has been a pocket of strength in the overall markets. However the moves are more stock specific. While TVS Motors and Eicher and even M&M have moved well, Hero and Bajaj Auto have been laggards. So in this sector its not as if everything is moving.
Auto ancillary is an even more interesting space with a wide variety of stocks to choose from. Barring a few, there has been strength across the board in most auto ancillary companies. And the commentary from most of them is strong in concalls.
But in stocks where run up has happened, say in Eicher, TVS etc, it has happened a lot and we could be halfway or more in the rally as of now. So while entering at current levels, one has to keep that in mind.
