Home NewsStock Market News auto stocks: These 5 auto ancillary stocks can deliver over 25% returns, say analysts

auto stocks: These 5 auto ancillary stocks can deliver over 25% returns, say analysts

by WOOWinvest
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auto stocks: These 5 auto ancillary stocks can deliver over 25% returns, say analysts


Synopsis

With both ferrous and non-metal prices cooling off from their highs and auto sales numbers improving, companies are indicating that festive season sales might turn out better than expected. Analysts are forecasting better days ahead for auto ancillary stocks. For the purpose of this report , we have selected stocks wherein the count of analysts is at least 6 and the average stock report plus score is a minimum of 6. The reason for having a minimum count of analysts for a particular sector is that higher coverage by analysts indicates higher institutional interest in an individual stock. The list is based on the upside estimates by analysts, with the highest potential stock coming at the top of the list.

The list comprises companies with a target upside potential of 25 per cent from the auto ancillary sector. The list ranges from a battery maker to focussed two-wheeler auto ancillary units. The stocks were collated with data from the latest Stock Reports Plus report dated Sep 24th, 2022. The list also contains a count of analysts evaluating each auto ancillary stock for one year. For the purpose of this report, we have selected stocks

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