SUNDRMFAST - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | SUNDRMFAST | Market Cap | 17,792 Cr. | Current Price | 848 ₹ | High / Low | 1,080 ₹ |
| Stock P/E | 31.4 | Book Value | 193 ₹ | Dividend Yield | 0.94 % | ROCE | 17.8 % |
| ROE | 14.7 % | Face Value | 1.00 ₹ | DMA 50 | 841 ₹ | DMA 200 | 911 ₹ |
| Chg in FII Hold | 1.23 % | Chg in DII Hold | -1.44 % | PAT Qtr | 158 Cr. | PAT Prev Qtr | 130 Cr. |
| RSI | 54.4 | MACD | 5.31 | Volume | 2,25,240 | Avg Vol 1Wk | 1,38,583 |
| Low price | 730 ₹ | High price | 1,080 ₹ | PEG Ratio | 4.55 | Debt to equity | 0.11 |
| 52w Index | 33.7 % | Qtr Profit Var | 26.3 % | EPS | 27.6 ₹ | Industry PE | 27.0 |
📊 Chart Analysis: SUNDRMFAST is trading at ₹848, slightly above its 50 DMA (₹841) but below its 200 DMA (₹911), showing mixed signals. RSI at 54.4 indicates neutral momentum, while MACD at 5.31 is mildly positive, suggesting short-term bullish bias. Bollinger Bands show price near the mid-range, reflecting consolidation. Current volume (2.25L) is higher than the 1-week average (1.38L), indicating stronger participation.
📈 Momentum Signals: Short-term momentum is moderately bullish, supported by MACD and price holding above the 50 DMA. RSI suggests room for further upside before overbought conditions.
💹 Support & Resistance: Strong support lies near ₹841 (50 DMA) and ₹730 (recent low). Immediate resistance is at ₹911 (200 DMA) and major resistance at ₹1,080 (recent high). Optimal entry zone: ₹835–₹850. Exit zone: ₹900–₹920.
🔄 Trend Status: The stock is currently consolidating upward, with potential to trend higher if resistance at ₹911 is breached.
Positive
- ✅ EPS of ₹27.6 supports valuation strength.
- ✅ ROCE of 17.8% and ROE of 14.7% indicate efficient capital use.
- ✅ Dividend yield of 0.94% provides steady returns.
- ✅ PAT improved sequentially from ₹130 Cr. to ₹158 Cr. (+26.3%).
- ✅ FII holdings increased by 1.23%, showing foreign investor confidence.
Limitation
- ⚠️ Current price below 200 DMA, showing weak medium-term strength.
- ⚠️ PEG ratio of 4.55 suggests expensive growth expectations.
- ⚠️ DII holdings decreased by -1.44%, showing reduced domestic confidence.
Company Negative News
- 📉 Stock trading at only 33.7% of its 52-week index, reflecting underperformance.
- 📉 Valuation stretched compared to industry peers (P/E 31.4 vs industry 27.0).
Company Positive News
- 📈 Strong quarterly profit growth of 26.3% highlights improving performance.
- 📈 Low debt-to-equity ratio of 0.11 shows financial stability.
Industry
- ⚙️ Auto components sector trading at industry P/E of 27.0, offering moderate valuations.
- ⚙️ Sector supported by rising demand in automotive manufacturing and exports.
Conclusion
📌 SUNDRMFAST is consolidating upward, trading above the 50 DMA but below the 200 DMA. Entry around ₹835–₹850 with exit near ₹900–₹920 offers a cautious setup. Fundamentals show strong efficiency, low debt, and improving profits, but high PEG ratio and underperformance relative to the 52-week index are concerns. The stock may trend higher if resistance at ₹911 is breached.
For broader context, you could explore a auto component sector outlook or compare SUNDRMFAST with peers through a valuation comparison.