{"id":292692,"date":"2026-10-07T15:24:30","date_gmt":"2026-10-07T09:54:30","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=292692"},"modified":"2026-10-07T15:24:30","modified_gmt":"2026-10-07T09:54:30","slug":"ask-automotive-shares-46-percent-six-months-choice-buy-20-percent-upside","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ask-automotive-shares-46-percent-six-months-choice-buy-20-percent-upside\/","title":{"rendered":"ASK Automotive Shares Gain 46% in Six Months as Choice Initiates Coverage With a Buy and Sees 20% Upside: Q1 FY27 Growth, Two-Wheeler Brake Leadership, Valuation, Brokerage Targets and the Risks"},"content":{"rendered":"

ASK Automotive up 46% in 6 months. Choice: Buy, 20% upside. Q1 FY27 PAT Rs 85 cr (+28.8%), EBITDA Rs 160 cr (+34%). 52-wk Rs 375-688. P\/E about 38-43x.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

ASK Automotive shares have gained about 46% in six months and about 32% over a year, and Choice Institutional Equities has initiated coverage with a Buy rating and about 20% upside, which implies a target near Rs 780 on a price near Rs 650, my calculation because Choice’s own target was not in my sources. The rally rests on Q1 FY27 results in which profit rose 28.8% to Rs 85 crore and EBITDA rose about 34% to Rs 160 crore, with advanced braking system revenue up 48% and aluminium lightweighting up 75%, and on a Rs 700 crore capex plan backed by new ICE and EV orders. Other brokerages are also positive, with ICICI Securities at Rs 750 and a consensus near Rs 678, but the stock trades near 38 to 43 times earnings and more than 80% of its revenue comes from two-wheelers, so it needs growth to continue. The key risks are commodity-cost pressure on margins, capex execution and two-wheeler demand, so the Q2 numbers will test the upside.<\/p>\n<\/p><\/div>\n

ASK Automotive shares are one of the best-performing auto component stocks of the year, and the stock sits close to its 52-week high of Rs 687.70. The company is India’s largest maker of brake shoes and advanced braking systems for two-wheelers.<\/p>\n

If you hold ASK Automotive or are considering it after the rally, this article covers what Choice Institutional Equities said, the ASK Automotive Q1 results with Rs 85 crore profit, Rs 160 crore EBITDA and ALPS growth, the two-wheeler brake business and customers such as Hero MotoCorp, other brokerage views including Rs 750 from ICICI Securities, valuation, the shareholding, levels to watch, the Rs 700 crore capex plan and the risks.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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