Auto counter on a roll; top 7 stocks that returned upto 38% in a month

Commercial vehicle (CV) stocks are seeing renewed interest as the Street is confident of a pickup in demand.

Although the demand for CVs in the first two months is down by 26.3% year-on-year, most of the stocks have gained significantly in the past one month, outperforming broader markets.

This not only includes the stocks of CV manufacturers such as Force Motors, Ashok Leyland, Eicher Motors and Tata Motors but also related companies such as Wabco India, Wheels India, JK Tyre and Apollo Tyres which supply parts to CV manufacturers.



"There are expectations that the sales will pick up in the second half of FY15 as the mining and construction activities pick up. There is a strong relationship between the GDP and the commercial vehicle sales and with the revival in the economy, the cycle is about to reverse," said Ashwin Patil, auto analyst with LKP Securities.