ASK Automotive share price jumps 46% in six months | Choice Broking initiates coverage with ‘Buy’, sees 20% upside
AI Summary
ASK Automotive's recent performance and growth prospects, particularly in aluminium lightweighting and its robust braking business, indicate a promising trajectory for investors. The anticipated shift towards electric vehicles, which require more aluminium, positions the company favorably within the automotive sector. Retail investors should consider the potential upside highlighted by analysts, especially as the company expands its product offerings and strengthens its market presence, which could lead to sustained revenue growth and improved margins in the coming years.
ASK Automotive shares have gained 46% over the past six months and 32.14% year-to-date. Despite the strong rally, Choice Institutional Equities sees further upside, backed by the company’s structural growth opportunities.
The brokerage has initiated coverage with a ‘Buy’ rating and a target price of ₹730, implying an upside of around 20.3% from the current market price of ₹608. Choice values the stock at 30x its average estimated earnings for FY28–FY29.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 07 October 2026.
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