"Suprajit Engineering (Suprajit) is poised to benefit from steady demand growth for two wheelers, on account of its sharp product focus, thrust on replacement market and scale up in exports. A leader in two-wheeler control cables, it is likely to post 17% earnings CAGR over FY12-14, aided by strong growth in export and replacement. Growth will be supplemented by good show of its non-auto business, location advantage and capex. We initiate with Buy, at target of `32."
Detailed report has been attached below.