The Hi Tech Gears Ltd Stock Research

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The Hi Tech Gears Ltd Detail

The Hi Tech Gears Ltd is in portfolio of Anuj Anantrai Sheth and Nemish Shah . He is one of the top investors in India. The company belongs to Auto Ancillary sector. 

As per the Company website it is an auto component manufacturer dealing with Engine and transmission components. Corporate office of the Company is located in Gurgaon and it has presence in US. There are two offices in US of the Company.

Below are different product types catering different Vehicle categories.

  • Two wheeler – Transmission
  • Light Vehicle – Transmission, Driveline, Steering Linkage
  • Off Highway and Commercial Vehicle – Engine, Transmission, Power Take-Off
  • Engine – Engine Gears

The Company is also focusing on Smart solutions. The Hitech Robotics Systemz limited is a Robotics and Artificial Intelligence Company aims to bring effective and efficient robotics for mass utility.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

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The Hi Tech Gears Ltd Stock Performance

The stock has decent performance in above long term chart.It has continuously performed on stock exchanges except in year of Global crisis and from year 2013 to 2014.

The stock had major run from year 2014. Note this is the time period when majority of Auto Ancillary stocks were performing and were in bullish phase. Also the dividend yield of the Company is good at above 1%.

The Hi Tech Gears Ltd My Opinion

The Hi Tech Gears Ltd is a Auto Ancillary Company.One thing I liked about it. It has understood importance of Automation in coming future. So it is focusing on Automation stuff as of now. The success is not yet clear but it is good to know Company moving in right directions.

Auto Ancillary is growth sector with growth dependent on Auto Sales. But it is also competitive sector as well. Many multinational companies and Indian companies operate in this niche trying to gain market share. Each company have their own product set and sometimes product sets compete with other Companies as well.

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Introduction of Electric vehicles and shift of industry towards them will propel another disruption in Auto Ancillary sector. You should select Companies which with stand the disruption. I am already invested in the sector and do not want to increase my exposure in it.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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