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Gautam , MD, Amtek Auto and director Devanagari Forging says the company has shifted its focus to non-auto businesses like mining, oil and gas, and pumps and valves.The key levers of our non-auto strategy are segments are going to be tractors and construction equipment and going forward it is going to be railways, oil and gas and the new entrants are going to be pumps, valves and mining segment and all new segments.

He adds On the auto front, he says, currently the slowdown in the commercial vehicle side seems to have been arrested. The industry is seeing significant consolidation driven by supply chain as well as OEMs, which has helped growth in order book position, adds Malhotra.

There is signifcant traction on the tractor side. Contribution from railways business too has improved. He expects a contributing to increase from 12 to 18 percent from railways information.

Intraday Tips for Today:

• TC is a 'BUY' call with a target of Rs 385 and a stop loss of Rs 370.
• Kotak Bank is a 'SELL' call with a target of Rs 1000 and a stop loss of Rs 1045
• ITC is a 'BUY' call with a target of Rs 385 and a stop loss of Rs 370.
• Bank of India is a 'SELL' call with a target of Rs 260 and a stop loss of Rs 280.

Gautam Malhotra, MD, Amtek Auto and director Ahmednagar Forging says the company has shifted its focus to non-auto businesses like mining, oil and gas, and pumps and valves. "The key levers of our non-auto strategy are segments are going to be tractors, construction equipment and going forward it is going to be railways, oil and gas and the new entrants are going to be pumps, valves and mining segment," he adds On the auto front, he says, currently the slowdown in the commercial vehicle side seems to have been arrested. The industry is seeing significant consolidation driven by supply chain as well as OEMs, which has helped growth in order book position, adds Malhotra. There is signifcant traction on the tractor side. Contribution from railways business too has improved. He expects a contributing to increase from 10 to 18 percent from railways.

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