SUNDRMFAST - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.2

Technical Analysis Report for Sundram Fasteners Ltd (SUNDRMFAST)

• Trend Status: Reversing from highs, testing support zones
• Moving Averages: Price below both 50 DMA (₹993) and 200 DMA (₹1,023) — bearish alignment
• RSI: 35.8 — weak momentum, approaching oversold territory
• MACD: Negative at -12.3 — bearish crossover, trend weakening
• Bollinger Bands: Price near lower band — oversold signal, potential for technical bounce
• Volume: Below weekly average — low conviction in current price action

Entry & Exit Zones

• Support Levels: ₹940 (minor support), ₹910 (trendline), ₹831 (52-week low)
• Resistance Levels: ₹993 (DMA 50), ₹1,023 (DMA 200), ₹1,080 (gap zone)
• Optimal Entry: ₹930–₹950 (on confirmation of support)
• Optimal Exit: ₹1,020–₹1,080 (if reversal sustains)

Positive

• ROCE (17.4%) and ROE (14.7%) — solid operational efficiency
• EPS of ₹25.4 — strong earnings base
• DII holding increased by 0.61% — domestic institutional support
• Debt-to-equity ratio of 0.14 — low leverage

Limitation

• Price below key moving averages — weak technical structure
• MACD and RSI indicate bearish momentum
• PEG ratio of 6.59 — expensive on growth-adjusted basis

Company Negative News

• FII holding declined by 0.54% — reduced foreign investor confidence

Company Positive News

• Quarterly PAT improved from ₹138 Cr. to ₹140 Cr. — stable earnings
• Quarterly profit variation of 7.37% — modest YoY growth

Industry

• Auto components sector — cyclical with long-term demand from mobility and EV trends
• Industry P/E of 32.6 — SUNDRMFAST trades at a slight premium

Conclusion

Sundram Fasteners Ltd is currently reversing from its highs and testing support near ₹940. While fundamentals remain solid and DII interest is rising, technical indicators suggest caution. Traders may consider entries near ₹930 with exits around ₹1,080, watching for MACD reversal and volume recovery to confirm trend strength.