Bengaluru, July 28 -- India's auto component makers have spent the last two quarters absorbing higher aluminium, energy, and freight costs, even as demand from both domestic commercial vehicle fleets and North American truck OEMs has held up reasonably well. The gap between healthy order books and squeezed margins is becoming a recurring theme across the sector, and today's numbers put the stock squarely in that camp.

Shares of Sundaram-Clayton were trading around Rs. 1,300 apiece, down about 7.13 percent from a previous closing price of roughly Rs. 1,399.80, implying a market capitalisation near Rs. 2,879.45 crore.The stock trades at a P/E of 12.27.

A Revenue Beat That Still Lost the Market's Confidence

Sundaram-Clayton's standalone r...