Techno Funda Picks - Auto Ancillary - Changing Gears To Structural Recovery: ICICI Direct
A combustion engine component is held for a photograph. (Photographer: Krisztian Bocsi/Bloomberg)

Techno Funda Picks - Auto Ancillary - Changing Gears To Structural Recovery: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

In this report, we have focused on the auto ancillary pack, where most quality stocks have undergone significant price/time correction and yet many of them are available at favourable risk-reward profile.

Our technical model, studying three major bear markets (classic empirical evidences) of 1992, 2000, 2008 has produced interesting revelations.

Shares of good companies post significant (minimum 50%) correction from their all-time highs, generate significant returns for investors in subsequent bull market cycle.

We have selected companies that fit into this criteria and offer a favourable risk reward setup.

Click on the attachment to read the full report:

ICICI Direct Auto Ancillary Techno Funda Jun21.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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