External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Consumer discretionary / Thematic (Sector/Industry)

<ul><li>The domestic auto component industry appears to be in a sweet spot as several tailwinds collude to drive a sustainable long term growth opportunity which include: 1) Indian component industry emerging as one of the beneficiaries of the supply chain derisking strategy by global OEMs post continued supply chain disruptions over the last 3-4 years 2) outperformance to core likely to sustain going forward driven by rising content led by premiumization and EV transition 3) favorable Government policies advocating “Make In India” 4) India emerging as an auto hub for global OEMs</li><li>On the back of these tailwinds and its inherent core strengths (global quality at low cost + improving R&amp;D skills), the auto component industry is expected to invest around USD 6.5-7bn over next 5 years, which is 2x of what they invested in the previous 5 years.</li><li>Post the recent strong rally in the sector, companies that can outperform from here on the back of the above tailwinds include: SAMIL, Sansera and Suprajit (Initiate with Buy on all 3). We also Initiate on MSWIL with Add rating.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The domestic auto component industry appears to be in a sweet spot as several tailwinds collude to drive a sustainable long term growth opportunity which include: 1) Indian component industry emerging as one of the beneficiaries of the supply chain derisking strategy by global OEMs post continued supply chain disruptions over the last 3-4 years 2) outperformance to core likely to sustain going forward driven by rising content led by premiumization and EV transition 3) favorable Government policies advocating “Make In India” 4) India emerging as an auto hub for global OEMsOn the back of these tailwinds and its inherent core strengths (global quality at low cost + improving R&amp;D skills), the auto component industry is expected to invest around USD 6.5-7bn over next 5 years, which is 2x of what they invested in the previous 5 years.Post the recent strong rally in the sector, companies that can outperform from here on the back of the above tailwinds include: SAMIL, Sansera and Suprajit (Initiate with Buy on all 3). We also Initiate on MSWIL with Add rating.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Auto Component Industry: In a Sweet Spot