SS Duncan

Today India manufacture 1 mn cars and we are proud. Our auto analysts believe that India will produce at least 5 mn cars in next 5 years a whopping jump of 500%. What this signifies is that India is set to become the largest auto maker in the WORLD.

Auto companies will definitely make a killing in next 3 years. Tata Motor will cross Rs 2000 whereas Maruti will become Rs 3000 and we have no doubt about the same. What is more interesting to note is that where from they will source component....?

It is like Steel cos dyeing for iron ore and oxygen. Therefore the bigger call is in auto spares.

Precisely this is the reason major auto spare manufactures are entering India in a big way, setting up new plants or expanding their existing capacities.

S S Duncan has now geared to catch the momentum as co has shifted its MULUND plant to Ranjangaon Pune and done VSR for Mumbai employees. This is an indication of its realty deal happening soon.

If this is happening then co would get close to Rs 275 crs ie Rs 500 per share. After merger of its Brazil unit co will report Rs 250 crs top line. Equity will remain at Rs 3.6 crs. Gates will also introduce more and more products.

It is a sure multi bagger MNC investment from the investment perspective.