Auto ancillary shares in focus; Rane Brake zooms 20%, Minda hits new high

Analysts observe ancillaries with high exposure to replacement channel tyre, battery players) have fared relatively better in Q1FY22

Shares of auto ancillary companies, including auto parts & equipment producers and tyre manufacturers,were in focus on the bourses on Tuesday with six stocks hitting 52-week highs while two stocks -- Minda Corporation and Minda Industries -- touched their respective record highs on the BSE.

According to analysts, ancillaries with high exposure to replacement channel (tyre, battery players) to have fared relatively better in April-June quarter of Fy22 (Q1Fy22) despite the original equipment manufacturer (OEM) channel experiencing volume weakness.

Individually, Rane Brake Linings surged 20 per cent to Rs 1,144 on the BSE in the intra-day trade, followed