CMP: 950


WABCO-TVS (India) Ltd. manufactures automotive parts. The Company produces electronic braking, stability, and suspension and transmission control systems for heavy-duty commercial vehicles, luxury cars, and sport utility vehicles.

WABCO-TVS is a safe bet. Its currently trading at a P/E of little less than 15. Liabilities are well managed. NPM is healthy at 15% which has improved marginally from last years 13%. Revenue has grown 33% YoY and PAT has grown at 50% YoY. Auto industry is growing at a decent pace and is expected do well. Buy, Accumulate on dips of 10% and hold for long term gains.