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The BSE-listed Clutch Auto ended the day at Rs 109.45, after hitting day's high at Rs 111.95, against the previous day's close of Rs 107.8.

The company, which manufactures clutches and assemblies, specialises in the heavy-duty segment. The latter, say observers, provides it with a fair scope both in the OE and replacement markets. It now hopes to shore up export revenues.

Analysts expect the company to record revenues of about Rs 227 crore and Rs 322 crore in fiscal 2007 and fiscal 2008 respectively, a growth of about 50 per cent and 40 per cent.

The stock is now trading at about 11.2x and 6.4x of 2007 and 2008 estimated earnings respectively. Its 52-week high and low are Rs 195 and Rs 71.25.

Nilanjan Dey

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