Should you consider ancillary stocks amid demand and valuation concerns in auto sector?
Diversified auto ancillary companies’ revenue and EBITDA for the April-June quarter outperformed OEMs on a year-on-year basis. Moreover, their focus on electric vehicles, strong order books, and exposure to exports could benefit them amid potential headwinds for original equipment manufacturers, such as growing inventory, weakening demand, and stretched valuations. Diversified auto ancillariesβ revenue growth stood…
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