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Auto Ancillary Penny Stocks

Penny stocks and the auto ancillary sector emerge as two exciting realms, beckoning investors with the promise of substantial gains and growth opportunities.

Penny stocks, renowned for their low price and high volatility, have the potential to yield remarkable returns in a short span.

On the other hand, the auto ancillary sector, a critical component of the automotive industry, thrives on innovation and technological advancements, offering lucrative prospects for those seeking to capitalize on its growth.

Combining the two and voila! The growth potential of penny stocks with the resilience of auto ancillary stocks could potentially lead you towards your next multibagger stock.

When a penny stock involved in the auto ancillary sector announces a groundbreaking partnership, or if it announced a cutting-edge product, or be it a lucrative contract, it could spark a surge in investor interest and propel the stock higher.

Compared to pure play auto companies, the auto ancillary space presents a much bigger opportunity. We all know that hundreds of components, such as battery suspensions, exhaust systems, and axles, are required to make a car.

The demand for auto components is further expected to go up as the government has tightened safety norms for vehicles.

And with the EV revolution picking up pace, auto ancillary stocks look like the perfect proxy play to ride sectoral tailwinds.

Here are the top penny stocks from the auto ancillary space. These companies are trading at less than Rs 100 per share.

It’s important to note that the gains in top auto ancillary stocks are linked to the auto industry. So do your due diligence before investing and consider only the fundamentally strong stocks as the sector is cyclical in nature.

Bulk Deal Alert: Rakesh Jhunjhunwala Adds 1% Stake in this Auto Ancillary Stock, Triggering 20% Rally

Nov 30, 2023

Three reasons why Rekha Jhunjhunwala acquired 90,006 shares of this company via a bulk deal on 29 November 2023.

The #1 Investment Theme for 2024

Nov 17, 2023

This industry is poised for significant growth in the coming years, especially in 2024 with elections just around the corner.

Smallcap Auto-Ancillary Stock Down 15% in 2 Days After Ashish Kacholia Pares Stake

Nov 9, 2023

The company makes a wide range of aesthetic products catering to segments including two-wheelers, passenger vehicles, commercial vehicles, consumer durables, and appliances.

Rakesh Jhunjhunwala & Associates Increase Stake in this Multibagger Realty Stock

Sep 22, 2023

Rekha Jhunjhunwala recently picked up additional stake in this multibagger realty company. What's brewing?

Why Talbros Automotive Share Price is Rising

Jul 7, 2023

Shares of this auto ancillary firm are up over 90% in the past three months. A healthy order book suggests the company is all set to win the race against its peers.

Why Force Motors Share Price is Rising

Jun 5, 2023

Auto and auto ancillary stocks have seen an explosion of interest over the past couple of months. The BSE auto index is up over 21% in a little over two months.

EV Battery Stock Announces 200% Dividend & Q4 Results. 5 Key Takeaways

May 10, 2023

Despite a weak quarter, this EV battery maker is rewarding shareholders with a hefty dividend. Find out more details inside.

Rekha Jhunjhunwala Trims Stake in this Auto Ancillary Penny Stock

May 4, 2023

Find out why Rakesh Jhunjhunwala & Associates trimmed stake in this auto ancillary company for the third consecutive quarter.

Vijay Kedia Picks Stake in this Auto Ancillary Company. Stock Rallies 40% in Two Days

Apr 18, 2023

According to a BSE statement, Kedia bought 1 million shares, translating into a 1.1% stake in the company.

Forget Metals and Play These Stocks for Better Returns

Jan 12, 2023

With China reopening, find out why I believe it makes more sense to play these proxy sectors.

Why Munjal Auto Share Price is Rising

Nov 24, 2023

Munjal Auto is on a winning streak of hitting new 52-week highs in the last five trading sessions.

Craftsman Automation is Gearing up to Lead India's Futuristic Auto Industry

Nov 10, 2023

This midcap company is making the most of the disruption in the automobile sector.

ASK Automotive IPO: 5 Things to Know

Nov 6, 2023

From grey market premium to price band, here's everything you need to know about one of the leading auto ancillary players.

Ashish Kacholia's Block Deal Spurs 20% Rally in this Multibagger Auto Ancillary Stock

Aug 25, 2023

This microcap stock has rallied over 50% in the past five days. Apart from Kacholia's bullish stance, what's driving the rally?

This Auto Ancillary Stock is Up 70% in One Month. More Gains Ahead?

Jul 3, 2023

Shares of JBM Auto touched their 52 week high today. Here's what is driving the company's share price.

Surprising Exit: Sumeet Nagar's Malabar India Fund Dumps 2 million Shares of this Leading Auto Ancillary Company

Jun 3, 2023

Data released on Friday showed that Sumeet Nagar's fund sold over 2 million (m) shares of this auto ancillary firm. More details inside...

Tyre Stocks Are Rising: Here's What's Driving the Surge

May 5, 2023

Tyre stocks are suddenly speeding up. What suddenly changed?

Ace Investor Vijay Kedia Raises Stake in This Multibagger Auto Ancillary Stock

Apr 19, 2023

Here's why the investor increased his stake in the company after paring it in the December 2022 quarter.

Top 5 Auto Ancillary Companies in India by Growth

Mar 16, 2023

Auto ancillary stocks are a perfect proxy play on the revival of the automobile sector.

Why Amara Raja Batteries Share Price is Falling

Dec 28, 2022

Amara Raja has fallen over 12% in the past few sessions. It has also underperformed in the last three years due to the pandemic and increasing raw material costs.