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    Auto ancillary companies on an upward trend: 5 stocks with up to 17% one-year upside potential

    Synopsis

    Strong volume growth in automobiles, premiumisation, export opportunities and operating leverage benefits will drive the performance of auto ancillary stocks.

    The auto ancillary companies are expected to report good performance in the March 2024 quarter, supported by healthy growth in the automobile sector. The factors contributing to the growth of the automobile sector include strong volumes, healthy demand in domestic 2W and PV segments, recovery in exports, improvement in average selling prices and steady margins.The consensus estimates of analysts compiled by Reuters-Refinitiv are available for 19
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