India's auto ancillary sector is entering a favourable phase, supported by a structural demand upcycle, policy tailwinds and rising vehicle content intensity, according to a recent research report by Share India Securities.
Broader markets were mixed in early trade, with smallcaps outperforming even as IT and media stocks remained under pressure, while autos and FMCG lent support.
Government-led initiatives like the Jal Jeevan Mission are driving major infrastructure investments in India's water sector, unlocking an annual opportunity of Rs 1 lakh crore, according to a report by Share India Securities.