Sandhar Technologies Limited Sees Bullish Momentum Shift Amid Technical Upgrades

Technical Momentum Shift and Indicator Overview

Sandhar Technologies Limited (stock code 1000667) currently trades at ₹550.00, marginally up by 0.03% from the previous close of ₹549.85. The stock’s 52-week high stands at ₹600.10, while the low is ₹329.00, indicating a strong recovery and sustained upward trajectory over the past year. The recent technical parameter change reflects a more confident market sentiment towards the stock’s price momentum.

The weekly and monthly Moving Average Convergence Divergence (MACD) indicators both signal bullish momentum, reinforcing the positive trend. The daily moving averages also align with this outlook, confirming short-term strength. Meanwhile, the Relative Strength Index (RSI) remains neutral on both weekly and monthly charts, indicating that the stock is neither overbought nor oversold, which could imply room for further upward movement without immediate risk of a correction.

Bollinger Bands on the weekly chart show a bullish pattern, with the price approaching the upper band, while the monthly bands suggest a mildly bullish stance. This combination points to increasing volatility but with a positive directional bias. The Know Sure Thing (KST) indicator presents a mixed picture: bullish on the weekly timeframe but mildly bearish monthly, signalling some caution for longer-term investors.

On balance, the Dow Theory does not currently indicate a clear trend on either weekly or monthly charts, and On-Balance Volume (OBV) is neutral weekly but bullish monthly, suggesting accumulation over the longer term despite short-term indecision.

Price Performance Relative to Sensex

Examining Sandhar Technologies’ returns relative to the benchmark Sensex reveals a mixed but generally favourable long-term performance. Over the past week and month, the stock has slightly underperformed the Sensex, with returns of -1.5% and -1.72% respectively, compared to the Sensex’s -1.02% and -1.18%. However, year-to-date (YTD) and one-year returns show the stock gaining 7.72% and 6.77%, slightly lagging the Sensex’s 8.39% and 7.62% gains.

More impressively, Sandhar Technologies has outperformed the Sensex substantially over longer horizons. Over three years, the stock has surged 140.96%, nearly quadrupling the Sensex’s 38.54% gain. Similarly, over five years, it has delivered 134.94% returns, significantly ahead of the Sensex’s 77.88%. This strong multi-year outperformance highlights the company’s robust growth trajectory and resilience in the auto components sector.

Mojo Score Upgrade and Market Capitalisation Insights

Reflecting these positive developments, Sandhar Technologies’ Mojo Score has improved to 78.0, earning a Buy grade as of 7 October 2025, upgraded from a previous Hold rating. This upgrade signals increased confidence in the stock’s prospects based on a comprehensive assessment of technical and fundamental factors. The company holds a Market Cap Grade of 3, indicating a mid-cap status with solid market capitalisation metrics.

The technical trend upgrade from mildly bullish to bullish aligns with this rating change, suggesting that momentum indicators and price action have strengthened sufficiently to warrant a more optimistic outlook. Investors should note that while the stock’s day change is minimal at 0.03%, the underlying technical signals point to potential for further appreciation.

Sector Context and Industry Positioning

Sandhar Technologies operates within the Auto Components & Equipments sector, a segment that has shown resilience amid evolving automotive industry dynamics, including the shift towards electric vehicles and increased focus on component innovation. The company’s technical strength relative to peers and the broader sector underscores its competitive positioning and ability to capitalise on emerging trends.

While some indicators such as the monthly KST show mild bearishness, the overall technical landscape remains constructive. The absence of a clear Dow Theory trend suggests that investors should monitor developments closely, but the bullish MACD and moving averages provide a strong foundation for near-term gains.

Investor Takeaway and Outlook

For investors, the recent technical upgrades in Sandhar Technologies Limited offer a compelling case for consideration. The bullish MACD on both weekly and monthly charts, combined with daily moving averages trending upwards, suggests that the stock is gaining positive momentum. The neutral RSI readings indicate that the stock is not yet overextended, providing scope for further gains without immediate risk of a sharp pullback.

However, caution is warranted given the mixed signals from the KST and the lack of a definitive Dow Theory trend. The mildly bullish Bollinger Bands and bullish On-Balance Volume on the monthly timeframe imply accumulation and potential volatility ahead. Investors should weigh these factors alongside the company’s strong long-term returns and recent Mojo Score upgrade.

Overall, Sandhar Technologies appears well-positioned within the Auto Components & Equipments sector to benefit from ongoing industry growth and innovation. The technical momentum shift to bullish, supported by multiple indicators, enhances the stock’s appeal for those seeking mid-cap exposure with a growth orientation.

Summary of Key Technical Metrics:

• Current Price: ₹550.00 (Day Change: +0.03%)


• 52-Week Range: ₹329.00 – ₹600.10


• MACD: Weekly & Monthly - Bullish


• RSI: Weekly & Monthly - Neutral


• Bollinger Bands: Weekly - Bullish; Monthly - Mildly Bullish


• Moving Averages (Daily): Bullish


• KST: Weekly - Bullish; Monthly - Mildly Bearish


• Dow Theory: No clear trend


• OBV: Weekly - No Trend; Monthly - Bullish


• Mojo Score: 78.0 (Upgraded to Buy on 7 Oct 2025)

Investors should continue to monitor price action and volume trends closely, as well as broader sector developments, to capitalise on the evolving momentum in Sandhar Technologies Limited.

Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Today