Sundram Fasteners up 8% today. Stock makes new 52 week high. Hold for 510.
We had recommened Sundram Fasteners post Q1 results on August 1 at 410 for a target of 510 and SL of 370. Stock was in the range of 380-400 for a while. Now the stock is up 15% from recommended price.
Hold for the intact target price of 510.
Stock is breaking above its resistance of 460. We can also see a good and fast move towards 510.