Company Background
Shivam Autotech Limited is a manufacturer of transmission gears and shafts in India. The Company operates through the motor cycle parts segment. The Company manufactures a range of auto components and accessories that primarily include transmission gears, transmission shafts, alternator components, starter motor components, magneto components and steering components, which are being produced through cold, warm and hot forging employing near net shape technology.
The Company's products include Transmission Gears & Shafts; Starter Motor Components; Alternator Components; Precision Engineering Components, and EPS Components. The Company serves various automobile manufacturers. The Company's infrastructure spans India across five locations, which include Gurgaon, Haridwar, Manesar, Bengaluru and Rohtak. The Company has two plants, which are located at Bengaluru and Rohtak.Shivam Autotech Limited is a manufacturer of transmission gears and shafts in India. The Company operates through the motor cycle parts segment.
The Company manufactures a range of auto components and accessories that primarily include transmission gears, transmission shafts, alternator components, starter motor components, magneto components and steering components, which are being produced through cold, warm and hot forging employing near net shape technology. The Company's products include Transmission Gears & Shafts; Starter Motor Components; Alternator Components; Precision Engineering Components, and EPS Components. The Company serves various automobile manufacturers.
The Company's infrastructure spans India across five locations, which include Gurgaon, Haridwar, Manesar, Bengaluru and Rohtak. The Company has two plants, which are located at Bengaluru and Rohtak.
Stock Performance:
During the last 1 year the scrip has given following returns
1 year - 40%
6 months - 62%
3 months - 52%
1 month - 27%
1 week - 13%
Recommendation :
Suggested buy range would be Rs.60 and exit around Rs.80. The scrip is getting support at 60 level and facing resistance at 72 level
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