Dead President's ValuePicks

Munjal Showa is one of the largest makers of Shock Absorbers. Rated very highly for its unparalled quality, it has a number of big clients. Some of its clients include

# Maruti Udyog Limited
# Honda-Siel Cars India Limited
# Honda Motorcycles and Scooters India (Pvt) Limited
# Hero Honda Motors Limited
# Bajaj Auto Limited
# Kinetic Motor Co. Limited
# Hero Motors Ltd.
# Majestic Auto Limited

More about the company at Munjal Showa

The stock is lingering at 200 levels for quite some time and trading at a atrociously low p/e of 7. Watch out for a breakout anytime. One of the few auto-ancillary companies which hasn't participated in the rally. There are outsourcing opportunities in the future as well.

The CMP is 210.

Disclosure: I hold a few stocks of Munjal Showa