This is a positive for auto ancillary manufacturers. This sector has the potential to zoom to a level of US$ 113 billion by the year 2020 - 21. India has about 400 major players in the auto components field catering to the OE market. Characterized by high quality and economical prices, India is regarded internationally as amongst the most competitive auto parts manufacturer. This industry is projected to grow at over 15 per cent annually in the coming years.
While finalizing Hidden Gem stock of the month from auto ancillary industry, our team has followed Walter Schloss priniciple's. Walter J. Schloss (August 28, 1916 – February 19, 2012) was a well-regarded value investor, as well as a notable disciple of the Benjamin Graham school of investing.
5. Promoters share holding is well above 60%. Moreover, promoters have increased their share holding significantly doing open market purchases during last one year.
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