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Value buying in Clutch Auto Ltd has resulted in the stock price surging by almost 10 per cent to end at Rs 125.80 on the BSE. The counter has gained almost 12 per cent week on week.

Brokers attribute the sharp rally in the stock price to the counter having taken a beating during the recent mid-cap sell off. At these levels, it is perceived as attractively valued. Analysts maintain that the company's export order will continue to provide further triggers.

Clutch Auto had been in the news for entering into a joint venture with US-based Pioneer Clutches to distribute the company's products in the US and other markets.

Deeptha Rajkumar

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