Sundaram Brake Share Price Gains Momentum

This morning, Sundaram Brake share price went above 3 per cent. The stock opened at Rs. 453.25 as compared to its previous closing at Rs. 438.90. The stock touched the days high and low at Rs. 453.25 and Rs. 431.85 respectively. Approximately 1444 shares are traded in the counter with a traded value of Rs. 6.33, as per NSE.

Brake Lining Ltd was incorporated in the year 1974. It is a Mid Cap company which has a market cap of Rs. 172.69 (Cr) and operates in the Auto Ancillaries sector.

Sundaram Brake Lining Ltd. key Products/Revenue Segments are Other Auto Components which contributed Rs. 242.81 Cr to Sales Value (99.43 per cent of Total Sales), Export Incentives which contributed Rs .95 Cr to Sales Value (0.39 per cent of Total Sales) etc.

For the quarter ended 30^th Sept 2016, the company has reported Standalone sales of Rs. 61.92 Cr., up 5.10 per cent from last quarter Sales of Rs. 58.92 Cr. and up 5.79 per cent from last year same quarter Sales of Rs.  58.54 Cr. Company has reported net profit after tax of Rs. 1.25 Cr. in latest quarter.

The lower price band of the share is 351.15 and the upper price band is 526.65. The 52 week high of Sundaram brake share price is observed at Rs. 569.00 (19-SEP-16) while the 52 week low is seen at Rs. 211.15
(29-FEB-16). The Average Daily Movement of the stock is 29.67 and its average volume for last 20 days is 9765. The stock yields 6.33 per cent and has a book value of Rs. 178.23.

Sundaram Brake is one of the top 500 performing stocks for this quarter as analysed by Dynamic Levels. In order to acquire further details on the support and resistance refer to Sundaram Brake share price forecast.