Sundram Fasteners Ltd
SUNDRMFAST

286.05

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285.20

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Accumulate
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Rs 286.05

Last updated on 07-Dec-2016

We recommend an ACCUMULATE on the stock considering demand traction in auto industry. Sale of loss making subsidiaries is expected to improve bottom-line. On standalone basis, stock is currently trading at P/E of 21.5x on FY17E EPS. (Target Price – Rs.306.9)
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50 DMA (.)
302.67
100 DMA (.)
273.84
200 DMA (.)
218.37
Weekly Range (.)
282.60
305.85
Monthly Range (.)
271.25
334.70
52 Weeks Range (.)
135.00
355.00
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