Setco Automotive Share Over All View for Long term Investment

Welcome All Investors If you are looking Long term holding Calls than it’s right page , Our expert team have selected Setco Automotive Share for Long Term Investment . We Hope under 6 month period Setco can see the level of 78 in automotive. Presently, Setsco automotive share price is around 65 rupees.

Setco makes clutch for Automotive commercial vehicles and tractors. In India, Setco owns automotive 85 percent market share. Setco has 2 automotive plants in India, 1 in the UK and 1 in America. The launch of new clutch in the US has affected the margins. The first quarter results showed GST’s impact. However, now Sato hopes to improve automotive business. Setco has a debt of Rs 220 crore on automotive. The company has 64 percent stake in promoters and the market capitalization of Rs 80 crore.

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