Sundaram fasteners has grown into a global leader, manufacturing critical, high precision components for automotive. Infrastructure, windmill and aviation sector. Sundram Fasteners Limited, a part of USD 8.5 billion TVS Group Company, is one of the leading auto component manufacturers in India. Varied range of productions encompasses fasteners, power train components, sintered metal products etc.
Previous Close
1,204.6
TTM EPS
24.48
52 Week High
1,340.7
TTM PE
48.57
52 Week Low
1003.0
P/B
8.29
Sector PE
49.24
Mkt Cap (Rs. Cr.)
24,986
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
SUNDRAM FASTENERS gave a technical “Cup and Handle” pattern break-out on the higher-end and prices sustained above the breakout levels on the daily chart.
The counter on the weekly chart has witnessed a horizontal trend line breakout after three months of consolidation with above-average volumes.
The counter is trading above its 21, 50, and 100 Exponential moving averages on the weekly chart confirming its overall performance.
The momentum oscillator RSI (14) is reading above 60 levels with a bullish crossover. The MACD indicator is reading above its line of polarity on the daily and weekly scales.
Edelweiss is one of India’s leading financial services conglomerates, offering a robust platform to a diversified client base across domestic and global geographies. Present in every financial life stage of a customer, helping them create wealth, grow wealth and protect everything, are their key lines of business. This diversified business model reflects experience across India’s multiple consuming facets, from industrial behemoths and large companies to small business as well as the average Indian urban and rural household.
Previous Close
85.2
TTM EPS
4.46
52 Week High
87.8
TTM PE
19.39
52 Week Low
35.0
P/B
1.21
Sector PE
31.7
Mkt Cap (Rs. Cr.)
8,164
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom research)
EDELWEISS FINANCIAL gave a technical “Inverted Head & Shoulder” pattern break-out on the higher end and prices sustained above the neckline of the pattern on the daily scale.
The counter is trading in a higher high higher low formation from the past couple of months on the daily time frame.
The stock is trading above its 9, 21, and 50 Exponential moving averages on the daily chart confirming its overall performance.
The momentum oscillator RSI (14) is reading above 60 levels with a bullish crossover. The MACD indicator is reading above its line of polarity on the daily and weekly scales.
