Not very long ago, I remember having recommended this stock (not on this site but on Money Control) at around the levels of 130 or so. With the passage of time, the stock has proved its worth and turns into a "BUY".
It being from the segment of auto ancillary, it is enjoying reasonably good market share at 964 crore while its price to earning is at 1/4th of other players in the industry. A dividend paying company with consistency in increasing reserves against the equity capital of mere 14 crore, it is very meaningfully adding to its top line and bottom line - both. Adding to its cash flow, ATR and with promoters having the share of 67%, with interest by mutual funds, FIs and QFIs, it makes a meaningful choice for investment with some time horizon. Its PGEL on a average is 12%.
Invest n Enjoy !!