Suprajit Engineering Ltd.: Why this midcap auto stock remains attractive even after a 25% rally


The momentum in the stock may continue given the sustained revival in the auto volumes.

Synopsis

The Bengaluru headquartered auto supplier derives 82% of revenue from the sales of cables used in park brake, clutch, and starter and the remaining from halogen bulbs.

ET Intelligence Group: The stock of Suprajit Engineering has gained 25% in the past three months outperforming the S&P BSE auto index and Sensex by 8% and 17% respectively. The higher investor interest in the counter can be attributed to the rising demand from the aftermarket, which involves supply of spare parts and related components, and from the two-wheeler and passenger vehicle segments. The momentum in the stock may continue given the

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