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Dec 31, 2004, 03.24 PM IST
Vijay Bhambwani is of the view that Sundram Fasteners can go upto Rs 140-150. However, a stoploss of Rs 105 is advised.
Technical analyst Vijay Bhambwani feels that investors should keep a stoploss of Rs 105 in Sundram Fasteners. They can see a level of Rs 140-150 in the stock.
Bhambwani told CNBC-TV18, " Sundram Fasteners is definitely a hold and investors may buy it on declines. I do see a level of Rs 140-150 in the stock in two quarters. Investors should keep a stoploss of Rs 105 in the stock. They can cut out 50% of their position if the stock closes below Rs 105 with higher volumes."
Tags: Vijay Bhambwani, Sundram Fasteners
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