Auto ancillaries in focus: Sterling Tools, Igarashi Motors up 40% in 2 days

Igarashi Motors, Sterling Tools, Rane (Madras), Rane Brake Lining, Rane Holdings, Sundaram Brake Linings, India Nippon Electricals and Lumax Auto Tech rallied up to 20% on the BSE on Thursday.

Shares of auto ancillary companies charged ahead on Thursday, with Igarashi Motors (India), Sterling Tools, Rane (Madras), Rane Brake Lining, Rane Holdings, Sundaram Brake Linings, India Nippon Electricals, and Lumax Auto Technologies ralling up to 20 per cent on the BSE in the morning trade. In comparison, the benchmark S&P BSE Sensex was down 0.07 per cent at 41,433 points at 10:35 am.

Individually, Minda Corporation, GNA Axles, Shivam Autotech, Banco Products (India), Lumax Industries, PPAP Automotive and Automotive Axles were up in the range of 5 per cent to 9 per cent on the BSE. Of the top 20