The rating of commercial papers worth Rs80 crore also affirmed at IND A1+.

Ind Ra affirms Sandhar Technologies rating at ‘IND AA-’ with Stable outlook

Sandhar Technologies consolidated net profit rises 471.62% in the June 2022 quarter

The addition of this manufacturing facility will strengthen Company’s presence in Western India.

Sandhar Technologies inaugurates its manufacturing facility in Halol; Stock gains 1%

Buzzing stocks: Adani Group stocks, Future Retail, Reliance Industries, Voltas, RailTel, Rites Ltd, Panchsheel Organics, Sandhar Technologies, Jubilant Foodworks, Paramount Cosmetics (India), Lactose (India), Evexia Lifecare Ltd, NCL Research and Financial Services, Time Audio

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Leading parts makers such as Lumax, Sona Comstar, Minda Industries, and Sandhar Technologies have been forced to look at other de-risking options due to rising input costs, thereby giving the country an opportunity to become a major manufacturing hub.

India could become a global auto parts manufacturing hub

Sandhar Technologies on Wednesday announced that it applied under the Production Linked Incentive (PLI) scheme for automobile and auto components of the Ministry of Heavy Industries, Government of India.

Sandhar Tech applies for PLI scheme

The unit will be manufacturing sheet metal components/parts such as frame parts, complete frames, handlebars, swing arms and other sheet metal parts for two-wheelers.

Sandhar Technologies inaugurates manufacturing facility at Nalagarh; Stock rallies 5%

Sandhar Technologies rallied 4.09% to Rs 272.10 after the company inaugurated its manufacturing facility at Nalagarh, Himachal Pradesh to manufacture sheet metal parts like frame parts, complete frames, handle bars, swing arms etc. for two-wheelers.

Sandhar Technologies spurts on setting up manufacturing unit in Nalagarh, Himachal Pradesh

Sandhar Technologies consolidated net profit rises 9.12% in the September 2021 quarter

This small-cap stock, trading at ₹277 levels, is a long-term play on the transition to EVs expected over this decade

Why you should accumulate shares of Sandhar Technologies

1. Market opens with a banger, this is after the Jackson Hole speech, Nifty and sensex reach a new high

2. Bharti Airtel announces Megha rights issues set to sell shares. TOI reports that Google may be mulling big investments in the Sunil Mittal company  

3. Jio to put its feet in the smartphone business. It is set to launch a low budget smartphone in ties with google and aims to sell 5 crore phones over the next six months 

4. Maruti Suzuki announces another price hike in all models due to increase production inputs, it is the fourth hike in the past year

5. As part of its aspirations to join the Indian market, Tesla Inc is in contact with at least three Indian auto component suppliers. Indian firms include Sona Comstar Ltd., Sandhar Technologies Ltd., and Bharat Forge Ltd.

6. The board of Vedanta Ltd is scheduled to meet in the first week of September to discuss and approve the first interim dividend for 2021-22.
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Jio set to launch smart phones; Tesla looks to join Indian market | Top News

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sandhar Technologies is an automotive parts manufacturer