Minda Corporation has broken out from the downward sloping trendline on the weekly chart. It has been taking support at 200-day EMA. Intermediate trend of stock remains positive as it is trading above its 50, 100 and 200-day exponential moving averages.

“Any investors who want to make a healthy allocation to IT, possibly this is the right time to add to the high quality IT stocks over the next couple of quarters and stay put for the next two to three years. This is the same strategy which we applied into the banking and financial services two years ago when we expected credit growth to pick up.”

“In terms of valuations, the post-issue P/E works out to 30.5x FY22 EPS (at the upper end of the issue price band) which is low compared to its peers like Paras Defense & Space Technologies, Data Patterns (India) and Sundram Fasteners,” noted brokerage firm Angel One.

The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, and investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure and general corporate purposes.

According to brokerages, strong order books within the defence and aerospace industry with global accreditations, visibility of cash flows and being well-positioned to capitalize on industry tailwinds are the biggest positives for the company.

The company said it has chalked out capital expenditure plans of Rs 350 crore spread over five years for manufacturing advanced automotive technology components like power train sub-assemblies for electric vehicles and select internal combustion engine vehicles.

As Nifty bulls are trying to get rid of the scars left by US Fed Chair Jerome Powell, market mavericks Porinju Veliyath, Basant Maheshwari and Saurabh Mukherjea are bullish on these 5 stocks for the next 5 years:

Sundram Fasteners has projected an investment of over Rs 350 Crores for manufacturing Advanced Automotive Technology (AAT) components like powertrain sub-assemblies for Electric Vehicles (EV) and select Internal Combustion Engine (ICE) vehicles out of its planned five-year capital expenditure amounting to Rs 2,000 crores.

Patience and discipline are the most under-rated virtues in wealth creation. Most people come to stock markets to make a quick buck, but the stock market is actually a place to make big bucks with patience and long-term horizons.

We are a team of professionals with more than 12 years of experience in trading in equity markets. We share our positional trades and investments which are based on technical and fundamental studies. You can see our performance by viewing our past tr

This is follow-up on Sundram Fastners. Can check link to related ideas. Target 4 achieved. More than 94%. Target 5 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

This is follow-up on Sundram Fastners. Can check link to related ideas. Target 3 achieved. More than 82%. Target 4 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Mazhar Mohammad of Chartviewindia.in said Nifty50 can target the 17,500-600 zone if it keeps sustaining the 17,345-level.

The awards are an acknowledgement of global suppliers that have distinguished themselves by exceeding General Motor's requirements, resulting in providing GM customers with innovative technologies and high quality, Sundram Fasteners Ltd said in a press release.

The EBITDA for the quarter ended March 31, 2021 was at Rs 212.49 crores as against Rs 121.33 crores during the same period in the previous year, showing an increase of 75%.

This is follow-up on Sundram Fastners. Can check link to related ideas. Target 2 achieved in 2 weeks. More than 18% from Target 1. Trade is ON. Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.

This is follow-up on Sundram Fastners. Can check link to related ideas. Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.

The city-based TVS Group company had recorded standalone net profits at Rs 103.06 crore during corresponding quarter previous year.