At 10:09 AM on Friday, the Nifty Microcap 250 index was up 0.39 per cent at 26,236.65, compared to a 0.18 per cent decline in the Nifty 50 index.
Indian Auto Parts makers are commencing a transformation journey into adjacent supply chains including semiconductor WFE, defense, data center power generation, EV parts and aerospace, say analysts.
The outlook remains positive, supported by expected growth in domestic vehicle production, continued expansion of the aftermarket, and sustained policy support for localisation, says Gabriel India.
Share price of Sedemac Mechatronics hit an all-time high of ₹2,650, soaring 96 per cent higher against its issue price of ₹1,352.
Favourable demand trends, coupled with global supply chain realignment and a strengthening domestic manufacturing ecosystem, continue to expand the opportunity landscape, Sansera's management said.
While acknowledging near-term geopolitical uncertainties, Antique believes these are largely transient in nature