Decent numbers from Sundram Fasteners. Revised Target 510. SL 370.
Post Last Quarter results on 5th June, we had recommended to buy for a target of 460 with a stoploss of 370. Stock had hit our target of 460 on 22nd June. Stock has corrected back to 410 now.
We have a revised target of 510 in 3 months. We expect the stock to move sooner.
Earlier call on Sundram Fasteners: