Scripscan:Sundram Fasteners Ltd
BSE code:500403
cmp:58
Story:The company is among the leading producers of high tensile fasteners in the country. The product portfolio also encompasses products such as radiator caps, powder metal parts and cold extruded products.Sundram Fasteners caters to the original equipment requirement of auto majors. It also has a presence in the domestic replacement market. Over the years it has expanded its product as well as customer base. The company's focus on exports is also positive.Their can be pressure on profitability going forward owing to the steep rise in price of raw materials which can be instrumental in capping earnings growth.This however is likely to be offset by the growth in volume.With the domestic automobile industry growing at a healthy pace, Sundram Fasteners appears to be well positioned to grow at a healthy pace.The earnings growth would get a boost if the price of raw materials were to soften. Besides, the pressure on earnings would also ease if the company manages to successfully negotiate price revisions from its original equipment clientele.Taking into account these factors, long-term investors may include the company in their core portfolio at slight lower levels. Sundram Fasteners would rank as one of the superior picks from the auto ancillary sector.
Search This Blog(Over 800 companies covered in the blog).
Please note
Archives : Old artciles
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
