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I was trying 2 do some research on "Sundram Fastener" but I was surprised by lack of coverage of the same in Research Analysts

... I was simply unable to make much headway into this one ... Anyone having any View/Counter-View please share the same with me too ... OK - so why I am interested in "Sundram Fastener" in the 1st place ... Because I think over a period of 3-5 years this stock has the potential of being a multi-bagger ... 1st thing 1st - Sundram Fastener is from TVS Group ... So that itself gives some comfortfactor ... Also it is know for it's excellence in Manufacturing as well as Corporate Governance ... In 2Day's World - investor friendly Mgmt is so rare ... The 2nd point that goes in it's favor is that it is doing extremely well in it's Chinese Foray ... India and China are the major consumers as far as automotive industry is concerned for the next 5-10 years ... Coming back 2 fundamentals : It has BV of 26+ ... Currently the CMP is near 55 Rs so the P/BV is nearing 2+ - not very attractive - but then it is a Growth-stock and hence demands that premium ... On the PE front it's PE is about 11 whereas the average PE of Companies in this sector (fastener) is about 20 odd ... So here the equation goes in favor of investing ... Also, it has a good dividend track report and has consistently declared dividends for the last 5 years. The Dividend Yield comes to about 3 odd % ... Not very high but at least partial returns V R getting on a consistent basis ... Assuming that the Chinese story Clicks in (Chinese Angle is currently working 4 Tata Motors, Volvo, Ford 2 name a few ... ) so if the automotive Companies are doing good - they will need their suppliers in place which is where sundram with it's Chinese Subsidiary kicks in ... Assuming the EPS grow @ abt. 20 % for say next 3-5 years it bodes well 4 Sundram ... Which means stock will hit 100+ Rs. in 3 years and by 5th year should be in excess of 150 Rs. All the above is with the assumption that the Sky doesn't fall in-between :-) But then V really can't predict a 'Black Swan" phenomenon - Can We? So as the saying goes - if U cannot beat them, then Join The Party .. So we rely on our fundamental analysis and take the Leap-Of-Faith ... If 4 any reason the market crashes in between then simply treat it as a "Buying Opportunity" ... We need 2 B strong mentally in turbulent and volatile times as it is 2day and wait 4 the noise 2 subside ... It evenly will ..

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