Pricol, Minda: Here's why you should consider buying auto ancillary stocks

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.

Shares of automotive components were in limelight on Thursday as they set foot alongside the auto stocks, which exhibted a robust rally in the recent market pullback.

Talbros Automotive Components zoomed 14 per cent, while Jupiter Wagons and Varroc Engineering soared over 5 per cent each in intraday deals. 

Minda Industries, which, jumped 8-fold in the post Covid-19 bull run, was seen holding a steady 1 per cent gain. Similarly, shares of Pricol too was up nearly 2 per cent.
 

Here’s the technical outlook for auto ancillary stocks for upcoming sessions:-

Talbros Automotive Components Ltd (TALBROAUTO)

Likely target: Rs 560

Upside