SUNDRMFAST - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | SUNDRMFAST | Market Cap | 19,429 Cr. | Current Price | 932 ₹ | High / Low | 1,080 ₹ |
| Stock P/E | 36.4 | Book Value | 183 ₹ | Dividend Yield | 0.77 % | ROCE | 17.4 % |
| ROE | 14.7 % | Face Value | 1.00 ₹ | DMA 50 | 939 ₹ | DMA 200 | 984 ₹ |
| Chg in FII Hold | -0.54 % | Chg in DII Hold | 0.55 % | PAT Qtr | 130 Cr. | PAT Prev Qtr | 140 Cr. |
| RSI | 50.6 | MACD | -4.60 | Volume | 31,546 | Avg Vol 1Wk | 54,538 |
| Low price | 831 ₹ | High price | 1,080 ₹ | PEG Ratio | 6.32 | Debt to equity | 0.14 |
| 52w Index | 40.4 % | Qtr Profit Var | 8.11 % | EPS | 25.4 ₹ | Industry PE | 28.0 |
📈 Chart Patterns & Trend: SUNDRMFAST is trading at 932 ₹, slightly below the 50 DMA (939 ₹) and 200 DMA (984 ₹), indicating mild weakness. RSI at 50.6 suggests neutral momentum. MACD at -4.60 shows bearish crossover, signaling short-term pressure. Bollinger Bands place price near the middle range, hinting at consolidation.
📊 Volume Trends: Current volume (31k) is lower than the 1-week average (54k), reflecting reduced participation and cautious sentiment among traders.
🎯 Momentum Signals:
- Price below both 50 DMA and 200 DMA indicates consolidation with mild bearish bias.
- RSI neutral, suggesting sideways movement.
- MACD negative, reinforcing weak momentum.
💡 Entry Zone: 915–925 ₹ (near support).
🚪 Exit Zone: 975–985 ₹ (near 200 DMA resistance).
🔎 Overall Trend: The stock is consolidating between support and resistance levels. Sustained recovery requires crossing 984 ₹ (200 DMA) with volume support.
Positive
- Strong ROCE of 17.4% and ROE of 14.7% indicate efficient capital use.
- DII holdings increased (+0.55%), showing domestic institutional confidence.
- Low debt-to-equity ratio (0.14) reflects financial stability.
- Quarterly profit variation improved (+8.11%).
Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming short-term weakness.
- High P/E of 36.4 compared to industry PE of 28.0, suggesting premium valuation.
- FII holdings decreased (-0.54%), showing reduced foreign investor confidence.
- PEG ratio of 6.32 highlights poor growth-to-valuation balance.
Company Negative News
- Quarterly PAT declined from 140 Cr. to 130 Cr., showing earnings pressure.
- Weak trading volumes indicate low investor participation.
Company Positive News
- EPS of 25.4 ₹ supports long-term valuation.
- DII support increased, signaling domestic confidence.
- Strong fundamentals with high ROCE and low debt.
Industry
- Industry PE at 28.0 is lower than SUNDRMFAST’s PE, suggesting premium valuation.
- Auto components sector supported by demand recovery in automobiles.
- Sector consolidation favors established players like SUNDRMFAST.
Conclusion
SUNDRMFAST is consolidating near support levels with weak momentum signals. Entry near 915–925 ₹ offers limited risk, while resistance lies at 975–985 ₹. The stock needs stronger volume and a break above 984 ₹ to confirm bullish reversal. Long-term fundamentals remain strong, but short-term traders should be cautious until momentum improves.
I can also prepare a comparative snapshot of SUNDRMFAST vs SUNDARMFIN to highlight which one offers better near-term trading opportunities.