Sundram Fasteners, Karnataka Bank: Two midcaps Angel Broking is bullish on

In last couple of weeks, the midcap and small cap baskets are on a roll. In fact, unlike previous months, so many stocks from the 'cash' segments started raising their heads higher

Sundram Fasteners

View:    Bullish
 

Last Close:  Rs 547.35

Why buy: In the last couple of weeks, the midcap and small cap baskets are on a roll. In fact, unlike previous months, so many stocks from the ‘cash’ segments started raising their heads higher and have given some stellar moves. It appears that they are finally out of the slumber and are gearing up for strong moves. This stock is clearly one of them. After a long consolidation of nearly Five months, the stock has confirmed a breakout from multiple technical indicators. Looking at the increase in volume activity, we