Auto Ancillaries Setco Automotive

According to the technical charts, auto ancillary stocks, like Talbros Automotive, Jupiter Wagons and Minda Industries are likely to rise another 15 per cent in the upcoming trading sessions.

Setco Automotive hit a 52-week high of Rs 48.40, up 15% on the BSE in intra-day trade after the company reported a standalone net profit of Rs 13.76 crore in Q2 against loss of Rs 11.89 crore in Q1.