Sundram Fasteners Ltd

Its a part of the TVS Group of Companies and is engaged in manufacturing critical, high precision components such as fasteners, power train components etc for the automotive, infrastructure, windmill, and aviation sectors.

Fundamentals:-
Debt is less than reserves.
Dividend giving stock.
Good ROCE & ROE.
Promoters holding is Good & No promoters pledged.
Piotroski score is 6.

Technical:-
Demand Zone is marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Support is marked as green horizontal line.
Price is above 200 Weekly EMA , May dip to this level & take support (White Line).


Positional Trade:-
Buy 1000 - 950 - 900
Stoploss 850
Tgt 1200 - 1300 - 1600


This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.