Sundaram Fasteners: Potential Buying Opportunity
Sundaram Fasteners is currently at a strong support level around ₹1,000, having declined 30% from its all-time high. This presents a potential buying opportunity for investors.
Fundamental Points for Sundaram Fasteners (2024):
Market Capitalization: Approximately ₹22,566 crore.
P/E Ratio: Around 43.26, indicating a premium valuation.
Return on Equity (ROE): Approximately 16.33%, reflecting good profitability.
Debt-to-Equity Ratio: Low at 0.18, suggesting strong financial stability.
Dividend Yield: About 0.64%, providing some income to investors.
With solid fundamentals and current pricing near key support levels, Sundaram Fasteners may be an attractive investment opportunity for cautious investors.
Fundamental Points for Sundaram Fasteners (2024):
Market Capitalization: Approximately ₹22,566 crore.
P/E Ratio: Around 43.26, indicating a premium valuation.
Return on Equity (ROE): Approximately 16.33%, reflecting good profitability.
Debt-to-Equity Ratio: Low at 0.18, suggesting strong financial stability.
Dividend Yield: About 0.64%, providing some income to investors.
With solid fundamentals and current pricing near key support levels, Sundaram Fasteners may be an attractive investment opportunity for cautious investors.
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