7 Auto Ancillary Stocks to Buy, Sell: Citi recommends selling 4 and buying 3 scrips; check out targets
Global brokerage Citi is bullish on some of the auto component stocks namely Endurance Technologies, Exide Industries and Sona BLW Precision.
Global brokerage firm, Citi is bullish on several auto ancillary stocks including Endurance Tech, Exide Industries and Sona BLW Precision. The brokerage has a 'sell' stance on as many as four stocks, including Bharat Forge, Balkrishna Industries, and Samvardhana Motherson. Meanwhile, it also has suggested buying three stocks such as Sona BLW Precision Forgings, and Exide Industries.
7 stocks to buy, sell
Here's a list of these seven stocks along with their targets and ratings.
Samvardhana Motherson shares
Citi has maintained a 'sell' call on Samvardhana Motherson shares with a target of Rs 125.
Varroc Engineering shares
Citi has maintained a 'sell' rating on Varroc Engineering shares with a target of Rs 530.
Balkrishna Industries shares
Citi has maintained a 'sell' call on Balkrishna Industries shares with a target of Rs 2,400.
Bharat Forge shares
The brokerage has recommended selling the Bharat Forge stock for a target of Rs 950.
Endurance Technologies shares
Analysts of the global brokerage have a 'buy' stance on Endurance Tech shares with a target of Rs 3,200.
Exide Industries shares
Analysts have a 'buy' call on Exide Industries shares with a target of Rs 610.
Sona BLW Precision shares
The brokerage has maintained a 'buy' call on the Sona Blw Precision Forgings stock with a target of Rs 850.