Sundram Fasteners may test Rs 460: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "Sundram Fasteners' fundamentals are remain strong. There is a strong promoter and every financial parameter, we have seen numbers improving and I think FY18 will be a much better year than even FY17."

"You have seen ROC moving up and at 20 times FY18 price-earnings ratio (P/E), I do not think this stock is expensive. I would give a target of Rs 460," she added.