India's Shriram Pistons extends gains after Grupo Antolin deal, Emkay lifts PT

SPR Auto Technologies

08/12/2025 08:55

** Shares of Shriram Pistons and Rings SHIE.NS jump 5.5% to 2,994.40 rupees

** Auto parts maker looks set for third-straight session of gains following deal for Grupo Antolin's Indian units

** SHIE up ~15% over three sessions

** Emkay Global ("buy") raises stock's PT to 4,650 rupees from 3,400 rupees; lifts FY27, FY28 revenue estimates by 30%

** Brokerage likes SHIE's diversification into automobile interiors and away from core powertrain components

** Stock up ~36.5% so far this year, outperforming top auto stocks' .NIFTYAUTO ~21% YTD gain

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))