(Business Standard 28th April 2008) ANG Auto's niche focus in the trailer segment translates into major upsides in the medium-term. The share prices of auto component companies have nosedived over the last one year and are currently trading close to their 52-week lows. The rise in interest rates and the hike in input costs have raised doubts about the ability of these firms to post robust numbers going forward. In this context, companies which are operating in a niche and are dominant in their product segment will be able to better overcome these external shocks than commodity plays. Delhi-based ANG Auto, which makes auto components and trailers, is one such stock going at an attractive price. Integration and expansionTo cater to the increasing demand for trailers (freight carriers attached to motor vehicles), estimated at 24,000 for FY08, the company is eyeing scale as well as integration. It plans to hike its manufacturing capacity of trailers from 300 per month currently to ...
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