Prakash Gaba of prakashgaba.com told CNBC-TV18, "Sundaram Brake Linings' structure is positive, don’t worry about it. It can even see a slide, a slide is possible even around Rs 560-570 zone, don’t worry, hold on to it and maybe we will see higher levels again."
The share touched its 52-week high Rs 836.45 and 52-week low Rs 361.05 on 09 October, 2017 and 23 March, 2017, respectively.
Currently, it is trading 24.44 percent below its 52-week high and 75.05 percent above its 52-week low.
Market capitalisation stands at Rs 248.67 crore.
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