📊 Current snapshot
Current price is ≈ ₹1,746–₹1,750 (today) — just near its recent 52‑week high.
52‑week range runs roughly ₹972 (low) – ₹1,770 (high)
Key valuation metrics: P/E is steep (≈ 43–44×), P/B ~3.8–3.9×.
🔎 Short‑term technical view (1‑week horizon)
Since the stock is hovering near its all‑time/52‑week high, there’s limited headroom unless a positive trigger (new order wins, sector‑level boost, favourable global auto demand, etc.) appears.
If momentum continues and market sentiment stays positive, possible upside could push toward ₹1,780–₹1,800. That’s not guaranteed, but breakouts often test just above recent highs.
On the flip side — if broader auto‑ancillary sentiment weakens or there’s profit‑taking — a pull‑back or consolidation toward ₹1,680–₹1,700 seems plausible (near some short‑term support zone + psychological buffer).
Current price is ≈ ₹1,746–₹1,750 (today) — just near its recent 52‑week high.
52‑week range runs roughly ₹972 (low) – ₹1,770 (high)
Key valuation metrics: P/E is steep (≈ 43–44×), P/B ~3.8–3.9×.
🔎 Short‑term technical view (1‑week horizon)
Since the stock is hovering near its all‑time/52‑week high, there’s limited headroom unless a positive trigger (new order wins, sector‑level boost, favourable global auto demand, etc.) appears.
If momentum continues and market sentiment stays positive, possible upside could push toward ₹1,780–₹1,800. That’s not guaranteed, but breakouts often test just above recent highs.
On the flip side — if broader auto‑ancillary sentiment weakens or there’s profit‑taking — a pull‑back or consolidation toward ₹1,680–₹1,700 seems plausible (near some short‑term support zone + psychological buffer).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.