India, Jan. 19 -- The shares of this company, which manufactures cold-forged, high-tensile fasteners and supplies to all major auto OEMs across PVs, CVs, 2Ws, and the Construction and Farm Equipment segments, had its shares in momentum after the company announced its strategic entry into the ADAS space through partnership with a China-based firm called MINIEYE.

With the market cap of Rs 915 crore, the shares of Sterling Tools Ltd have gained about 6% and reached a high at Rs 266.30, compared to their previous day's closing price of Rs 251.05 . The shares are trading at a PE of 21.6, whereas its industry PE is at 28.6

About the partnership The collaboration of Sterling Tools with MINIEYE in China is proving to be an important strategic s...