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Auto ancillary stocks attractive on dips as sector holds momentum: Analysts

Smooth ride expected for the sector in FY25

companies, automobile, industry, production, workers, manufacturing, jobs, employment, auto, cars, auto component makers, companies, economy, growth
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Shivam Tyagi New Delhi

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Shares of auto component manufacturers have corrected up to 10 per cent in the last month after clocking a sharp rally in the previous financial year FY24. The correction in the stocks is a good buying opportunity as the auto story remains strong from a long-term perspective due to rising disposable income and a possibility of an interest rate cut in the future adding to the comfort of buyers, analysts said.

"The recent downturn in ancillary stocks has made the prices attractive. It's a good opportunity to buy at current levels as the overall sentiment in the auto sector remains

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First Published: Apr 09 2024 | 1:17 PM IST

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