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    Stock Radar: 80% rally in 1 year! This auto component maker likely to hit fresh record high in short term

    Synopsis

    Samvardhana Motherson Intl Ltd surged 80% with strong momentum, eyeing Rs 160-175 target. Ascending Triangle breakout, RSI at 69.5. Derivatives expert suggests support at 110. Options chain analysis indicates strong support.

    Samvardhana Motherson International Ltd, part of the auto component space, has rallied by over 80% in 1 year to hit fresh 52-week high in April and price momentum suggests that the rally may not be over yet.Short-term traders can look to buy the stock on dips for a target of Rs 160-175 in the next 3-4 weeks, suggest experts.The auto component maker stock with a market capitalization of more than Rs 86,000 cr hit a fresh 52-week high of Rs 129 on
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