HDFC Securities' Pick Of the Week: PPAP Automotive

HDFC Securities has recommended "buy" on PPAP Automotive for 2-3 quarters for a target of Rs 380 and Rs 408. The stock closed at Rs 339.05 on Friday. Established in 1978, PPAP Automotive Ltd. (PPAP) is into the business of automobile sealing systems and is the principal manufacturer of specialized profiles and extruded products in India, supplying to all the major original equipment manufacturers (OEMs).It is the single biggest suppl...