SONACOMS; Solid CompanyHello;
Long term investers
I wanted to share my thoughts on the recent movement in the stock price of SONACOMS. As you may know, the stock has fallen 50% from its upper levels, and is currently taking support at its current price.
In my opinion, this presents an Good opportunity for long-term investors to buy into the stock. SONACOMS is a company with strong fundamentals, and its current price appears to be attractive. The support level it has reached may provide a good entry point for investors who believe in the company's potential.
Of course, investing in the stock market always comes with risks, and it's important to do your own research and make informed decisions. But for those looking to add a solid company with strong fundamentals to their portfolio, SONACOMS could be a good choice.
As always, it's important to keep a long-term perspective and not get too caught up in short-term fluctuations in the stock price. Investing in the stock market requires patience and a steady hand, but with careful consideration and a bit of luck, it can be a rewarding experience
Fundamental_trading_ideas
Hero motor—Goldman Sachs stance (GS) Goldman Sachs (GS) is underweight on Hero motor, with a target price of 2080 rupees.
Given this global selling environment, intraday target (Monday) for Hero motor is 2500, and heading toward 2400.
Hero might very well open at 2500 (which is a nice round number)—in which case, wait till it goes to 2600 spot price, before taking bearish position (if you want to be prudent with your trades).
Assuming that Hero will settle at 2500 (or 2400) until further sales reports. If you wish to buy in cash market—in the long term, wait till 2300 spot price—or 2100 spot price (if you can wait patiently).
This is a very reasonable stance, and not one sided.
Semiconductor-supply issues will hurt production and sales, and Hero motor is yet to enter EV segment (hence, hero motor will lose market share over next few quarters).