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HomeMarket NewsTop Auto Picks: Jefferies lists three top global plays while upping their earnings estimates
The Street had trimmed FY27 EPS estimates by an average of 2% in the first half of CY25, but this was followed by upgrades of 6% in the second half and an additional 2% increase so far this calendar year.
By Meghna Sen February 25, 2026, 11:58:59 AM IST (Published)
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Global brokerage firm Jefferies sees a buying opportunity in auto-component stocks with global exposure. The brokerage has listed Bharat Forge, Samvardhana Motherson and Sona BLW Precision Forgings as its preferred picks within the space.
According to Jefferies, consensus FY27 earnings per share estimates for these companies were sharply downgraded through CY25. On average, FY27 EPS was cut by 17% in the first half of CY25 and by a further 8% in the second half.
However, the trend appears to have reversed, with the Street upgrading earnings by an average of 5% so far in CY26.
Within original equipment manufacturers, excluding Toyota Motor Corp, the earnings revision cycle has been relatively more stable.
The Street had trimmed FY27 EPS estimates by an average of 2% in the first half of CY25, but this was followed by upgrades of 6% in the second half and an additional 2% increase so far this calendar year.
Among OEMs, earnings estimates have been revised upward on a year-to-date basis for Ashok Leyland, Mahindra & Mahindra and two-wheeler manufacturers.
In contrast, consensus estimates have been lowered for Maruti Suzuki India and Hyundai Motor India.
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