Auto ancillary stocks rallied up to 20 per cent on May 19, 2025, with Banco Products, PPAP Automotive, and ZF Steering leading gains amid strong earnings and positive market sentiment.
Setco Automotive shares hit an over 31-month high of Rs 17.33, gaining 5% on the BSE in Wednesday's intra-day deal amid heavy volumes and quoting higher for the eighth straight trading session
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.
