Stock Radar: Down over 40% from highs! This auto component maker trades around strong multi-year support

Samvardhana Motherson hit Rs 217 on September 27, 2024, but lost momentum, closing at Rs 124 on February 17, 2025, a 42% drop. It fell below key moving averages but stayed above its 200-EMA at 116. Strong support exists at 120, tested in 2017 and 2021. RSI at 31.4 suggests a potential technical bounce-back from oversold levels.