Joindre Capital Services is bullish on Sandhar Technologies has recommended buy rating on the stock with a target price of Rs 460 in its research report dated September 11, 2018.
Joindre Capital Services' research report on Sandhar Technologies
Incorporated in 1987, a Gurgaon based company, Sandhar Technologies (Sandhar) has been promoted by a first-generation entrepreneur, Jayant Davar, Co-Chairman and Managing Director of the company, who has 30 years of experience in the OEM component manufacturing industry. Sandhar is a component supplier primarily catering to automotive OEMs and is largely focused on safety and security systems of vehicles with a pan-India and growing international presence.
Hence we believe that the Sandhar stock should be purchased at the current price for a price target of around Rs 460 over the next 12 to 15 months.
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