SANDHAR trade ideas
Sandahar Tech: Motor Parts maker. First time since IPO< a meaningful three month long rally.
Though its moving in a downward channel since IPO.
Will it breach it this time ?
I would give it a higher probability.
Sandhar : Looking for a upmove, T1 358 & aboveSandhar : Looking for a upmove, T1 358
Current Date :- 30-sep'18
CMP:- 318.05
NSE:SANDHAR
Sandhar Technology: Long term betSandhar Technologies Limited manufactures, assembles, and sells automotive components for two wheeler, four wheelers, and commercial vehicle industry India and internationally. The company offers locking systems, vision systems, door handles, hinges and latches, sheet metal components, zinc die casting products, aluminum die casting products, plastic injection molding products, wheel rims and assemblies, handle bars and assemblies, clutches and fender assemblies, brake panels, fuel level senders, muffler assemblies, molds and dies, cabins and fabrication products, relays, fuel level senders, EVAP products, and vehicles electronic products.
This company has an amazing financial background. The revenue and consistent profit growth imply that this stock is very good for the long run.
The EPS for MAR-17 stated at 7.66
Which brings the stock at a PE multiple of 50
But Undoubtedly the business of the company and the management is fantastic.
One can initiate buy with a time period of 1 to 2 years
Target price of 600
