Its diversification across products and clients, promising aftermarket and export potential, coupled with attractive valuations make it worthy of investor consideration.
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Nitin Agrawal Moneycontrol Research Highlights: – Strong Q2 FY22 numbers driven by sharp rebound in demand – Shortage of semiconductor chips and rising costs continue to be a challenge – Demand continues to be robust – Shift towards personal mobility, product launches, aftermarket and exports to aid growth – Reasonable valuations ————————————————————————— Suprajit Engineering (SEL; CMP: Rs 441, Mcap: Rs 6,170 crore), the maker of automotive and non-automotive cables, has reported a strong set of numbers in Q2 FY22 on a sequential basis. A significant improvement in demand…
