Technical Pick - 05/11/2023

Welcome to our weekly Technical Analysis Picks, where we will dive into the world of financial markets to identify promising trading opportunities that are expected to perform well over next few days. Through the lens of technical analysis, we'll analyze charts, patterns, and key indicators to provide you with valuable insights into potential market winners.

Disc. - Not an Investment Advice, to trade with discretion.

Stock - Sundaram Finance Holdings

Sector - Finance & Investments

Market Cap - 3171 Cr

CMP - 143

P/E - 9.77; D/E - 0; MCap/Sales - 30.7; P/B - 0.8

Products / Services - Holding of Portfolio Companies

The Dunes Oman FZC (LLC) - 43.69%

Mind S.r.l. - 40.60%

Flometallic India Pvt Ltd - 40%

Axles India Ltd - 38.81%

Wheels India Ltd - 23.28%

Sundaram Clayton Ltd - 11.24%

Latest Quarterly Result -

​Sr No (in CRs)	YoY Growth %	Sep 2023	Jun 2023
Revenue	45	24.4	24
PAT	173	90.7	70.7
EPS	173	4.09	3.18

Technical Analysis -

Technical Analysis - Cup and Handle Breakout on a Weekly Chart with rising volumes

Target Price - 234 (Calculated through the depth of the handle)

Risks / Stop Loss - 116

Reward/Risk - 6