Go long in Sundram Fasteners: Kunal Saraogi

Kunal Saraogi, CEO at Equityrush is of the view that one can go long in Sundram Fasteners.

Kunal Saraogi, CEO at Equityrush told CNBC-TV18, "On big volume  Sundram Fasteners  has definitely broken out. It has been an outperformer throughout. In the gap that we saw in today's trade, it is a runaway gap on its chart. So the stock might actually end up beyond Rs 200. So, definitely one should be long on the stock with a stoploss at about Rs 170."

On November 7, 2014 Sundram Fasteners closed at Rs 185.60, up Rs 28.15, or 17.88 percent. It has touched a 52-week high of Rs 188.90

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