Buy Motherson Wiring India Ltd for the Target Rs. 53 by Motilal Oswal Financial Services Ltd

* Revenue likely to grow 12% YoY to INR26b, aided by rampup of new plants.
* EBITDA margins to gradually improve QoQ as plants ramp-up. Expect margins to be down 30bp YoY at 10.4%.
* We expect 7% YoY earnings growth for 2Q.
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