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Samvardhana Motherson International rises on acquiring 51% stake in SIAAIPL Samvardhana Motherson International is currently trading at Rs. 95.35, up by 0.31 points or 0.33% from its previous closing of Rs. 95.04 on the BSE. The scrip opened at Rs. 96.00 and has touched a high and low of Rs. 96.26 and Rs. 95.25 respectively. So far 704725 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.03 on 13-Jul-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023. Last one week high and low of the ...
Samvardhana Motherson International rises on acquiring 51% stake in SIAAIPL
Samvardhana Motherson International rises on acquiring 51% stake in SIAAIPL
Source: Accord Fintech
14/07/2023 11:26:33 AM
Samvardhana Motherson International soars on inking strategic agreement to acquire assets of DICV Samvardhana Motherson International is currently trading at Rs. 125.15, up by 1.50 points or 1.21% from its previous closing of Rs. 123.65 on the BSE. The scrip opened at Rs. 124.30 and has touched a high and low of Rs. 125.55 and Rs. 124.05 respectively. So far 147290 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 206.08 on 14-Oct-2021 and a 52 week low of Rs. 112.00 on 20-Jun-2022. Last one week high and low ...
Samvardhana Motherson International soars on inking strategic agreement to acquire assets of DICV
Samvardhana Motherson International soars on inking strategic agreement to acquire assets of DICV
Source: Accord Fintech
12/09/2022 4:30:59 PM
Buy Samvardhana Motherson International Ltd For Target Rs.143 - Emkay Global Financial Services Ltd Weak quarter; Sales ramp-up and cost pass-through to aid growth ahead+ *  For Q1FY23, SAMIL’s revenue grew by 3% qoq to Rs176bn, slightly above estimates, due to better sales in SMR PBV. EBITDA fell by 11% to Rs10.8bn, 8% below estimates, mainly due to miss in standalone. Management expects margin benefits due to lower commodity prices and energy cost pass-through to reflect in the quarters ahead. * OEM production across regions is expected to improve in the next two years, a...
Buy Samvardhana Motherson International Ltd For Target Rs.143 - Emkay Global Financial Services Ltd
Buy Samvardhana Motherson International Ltd For Target Rs.143 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
3/09/2022 10:28:13 AM
Samvardhana Motherson International trades in green on the BSE Samvardhana Motherson International is currently trading at Rs. 125.20, up by 0.35 points or 0.28% from its previous closing of Rs. 124.85 on the BSE. The scrip opened at Rs. 126.50 and has touched a high and low of Rs. 126.90 and Rs. 124.80 respectively. So far 117396 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 206.08 on 14-Oct-2021 and a 52 week low of Rs. 112.00 on 20-Jun-2022. Last one week high and low ...
Samvardhana Motherson International trades in green on the BSE
Samvardhana Motherson International trades in green on the BSE
Source: Accord Fintech
26/08/2022 3:12:29 PM
Samvardhana Motherson International gains on signing MoU with MISA Samvardhana Motherson International is currently trading at Rs. 125.40, up by 0.45 points or 0.36% from its previous closing of Rs. 124.95 on the BSE. The scrip opened at Rs. 125.50 and has touched a high and low of Rs. 128.05 and Rs. 125.30 respectively. So far 402224 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 206.08 on 14-Oct-2021 and a 52 week low of Rs. 112.00 on 20-Jun-2022. Last one week high and low ...
Samvardhana Motherson International gains on signing MoU with MISA
Samvardhana Motherson International gains on signing MoU with MISA
Source: IANS
25/08/2022 3:33:41 PM
Samvardhana Motherson shares rises over 3% post bonus shares issue announcement  Shares of Samvardhana Motherson International Ltd rose more than 3 per cent after the board of directors as recommended issue of bonus shares. At 1.40 p.m. on Tuesday, shares of the company were trading at Rs 126.90, up 4.15 or 3.38 per cent from its previous close. The company has decided to issue bonus shares in the ratio of 1 bonus equity share against 2 existing equity shares, which will be subject to shareholders approval. The estimated date by which such bonus shares woul...
Samvardhana Motherson shares rises over 3% post bonus shares issue announcement
Samvardhana Motherson shares rises over 3% post bonus shares issue announcement
Source: IANS
16/08/2022 3:27:18 PM
Buy Motherson Sumi Ltd For Target Rs.80 - Motilal Oswal Financial Services Simplicity in complexity drives supernormal profits Content to go up materially due to visible auto industry megatrends * Market leader in the India wiring harness industry: Motherson Sumi Wiring India (MSUMI), a JV between Sumitomo Wiring System (SWS) and Motherson Group, is a market leader in the Indian wiring harness industry with a market share of over 40%. The wiring harness business is unique from the perspective of high human capital intensity (refer to exhibit 4) and lower capex...
Buy Motherson Sumi Ltd For Target Rs.80 - Motilal Oswal Financial Services
Buy Motherson Sumi Ltd For Target Rs.80 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
16/06/2022 11:39:35 AM
Buy Motherson Sumi Systems Ltd For Target Rs.155 - Motilal Oswal Result a mixed bag; transition into the new form creates distortion SMRPBV impaired by cost inflation; discussion ongoing for mitigation * Motherson Sumi (MSS)’s 4QFY22 performance was a mixed bag as India business performed strongly, whereas the SMRPBV business witnessed substantial headwinds of cost inflation. While some of these cost headwinds may persist in the near term, MSS is likely to bounce back sharply led by its leadership position. Further, these supply-side and cost h...
Buy Motherson Sumi Systems Ltd For Target Rs.155 - Motilal Oswal
Buy Motherson Sumi Systems Ltd For Target Rs.155 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/05/2022 10:08:06 AM
Motherson Sumi Systems Q4 net profit jumps 62.23% at Rs 397.27 cr The company reported standalone net profit of Rs 397.27 crore for the quarter ended March 31, 2022 as compared to Rs 244.88 crore in the same period last year, registering a year-on-year growth of 62.23 per cent. Net revenue of the company rose substantially by 28.00 per cent at Rs 1,611.44 crore in January-March quarter of this fiscal as against Rs 1,258.89 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 29.25 per cent to Rs 1,414...
Motherson Sumi Systems Q4 net profit jumps 62.23% at Rs 397.27 cr
Motherson Sumi Systems Q4 net profit jumps 62.23% at Rs 397.27 cr
Source: Dion Global Solutions Ltd
27/05/2022 10:43:58 AM
Add Motherson Sumi Systems Ltd For Target Rs.190 - ICICI Securities Gradual improvement with chip supply restoration ahead Motherson Sumi Systems’ (MSS) EBITDA margin was flat QoQ at 6.7% (down 383bps YoY) despite ~15% revenue growth as benefit of operating leverage got negated by raw material inflation. PV production, though improved on benign base of previous quarter in key markets like US/EU, MSS was unable to bear the impact of steep, hurting its gross margin (especially of PKC). With scaling up of production led by improving chip supplies and st...
Add Motherson Sumi Systems Ltd For Target Rs.190 - ICICI Securities
Add Motherson Sumi Systems Ltd For Target Rs.190 - ICICI Securities
Source: ICICI Securities Ltd
10/03/2022 12:22:52 PM
Buy Motherson Sumi Ltd For Target Rs.210 - Motilal Oswal Result below estimate; RM cost inflation and operating deleverage weaken margin Management expects stability in supply chain in a couple of quarters * Motherson Sumi (MSS)’s 3QFY22 result was impaired by commodity cost inflation and slower improvement in chip availability. While near-term supply chain issue may persist, it is likely to recover fast due to MSS’s leadership position in its key businesses along with a strong order book. * We cut our FY22E/FY23E EPS by 1...
Buy Motherson Sumi Ltd For Target Rs.210 - Motilal Oswal
Buy Motherson Sumi Ltd For Target Rs.210 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/02/2022 9:45:08 AM
Key News - Vodafone Idea Ltd, Wipro Ltd, Motherson Sumi Systems Ltd, Tata Consultancy Services Ltd By ARETE Securities Key News Vodafone Idea, Tata Teleservices, TTML will not become PSUs: Govt Telecom operators Vodafone Idea Ltd (VIL), Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd (TTML) will not become public sector undertakings after their interest payable on dues are converted into government equity, the communications ministry said on Wednesday. The three debt-ridden companies have proposed to convert their interest liability payable to the government into equity. "These ...
Key News - Vodafone Idea Ltd, Wipro Ltd, Motherson Sumi Systems Ltd, Tata Consultancy Services Ltd By ARETE Securities
Key News - Vodafone Idea Ltd, Wipro Ltd, Motherson Sumi Systems Ltd, Tata Consultancy Services Ltd By ARETE Securities
Source: ARETE Securities Ltd
13/01/2022 9:55:57 AM
Buy Motherson Sumi Systems Ltd For Target Rs.246 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Motherson Sumi Systems Ltd For Target Rs.246 - Religare Broking
Buy Motherson Sumi Systems Ltd For Target Rs.246 - Religare Broking
Source: Religare Broking Ltd
7/01/2022 11:25:31 AM
Buy Motherson Sumi Systems Ltd 210PE For Target Rs.10 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaime
Buy Motherson Sumi Systems Ltd 210PE For Target Rs.10 - Religare Broking
Buy Motherson Sumi Systems Ltd 210PE For Target Rs.10 - Religare Broking
Source: Religare Broking Ltd
20/12/2021 10:53:55 AM
Hold Motherson Sumi Ltd For Target Rs.280 - ICICI Direct Gradual recovery in sales, margins going forward… About the stock: Motherson Sumi (MSS) primarily serves global PV industry with wiring harnesses, vision systems (mirrors) & plastic body parts as key product lines. * History of successful turnarounds in acquisitions and inorganic-led growth * SMRPBV order book was at €15.3 billion as of H1FY22   Q2FY22 Results: The company posted a mixed performance in Q2FY22. * Consolidated net sales (including DWH) fel...
Hold Motherson Sumi Ltd For Target Rs.280 - ICICI Direct
Hold Motherson Sumi Ltd For Target Rs.280 - ICICI Direct
Source: ICICI Direct
17/12/2021 8:57:45 AM
Buy Motherson Sumi Systems Ltd For Target Rs.295 - Motilal Oswal In-line; chip shortage impacts all businesses in 2Q… but OEMs indicating improvement going forward; M&A pipeline very strong * Motherson Sumi (MSS)’s 2QFY22 performance was impacted across businesses by the chip shortage, sharp copper price inflation, and nonrecurring expenses at PKC. However, the chip shortage seems to be easing. MSS is well-positioned to benefit from cyclical recovery in its key businesses as well as from a strong order book and improving efficie...
Buy Motherson Sumi Systems Ltd For Target Rs.295 - Motilal Oswal
Buy Motherson Sumi Systems Ltd For Target Rs.295 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/12/2021 11:58:09 AM
Motherson Sumi Systems inches up on getting nod to raise up to Rs 1,000 crore through NCDs Motherson Sumi Systems is currently trading at Rs. 238.70, up by 0.15 points or 0.06% from its previous closing of Rs. 238.55 on the BSE. The scrip opened at Rs. 239.00 and has touched a high and low of Rs. 240.80 and Rs. 237.05 respectively. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 273.00 on 02-Jun-2021 and a 52 week low of Rs. 117.65 on 09-Nov-2020. Last one week high and low of the scrip stood at Rs. 240.80 and Rs. 226.85 respectively. ...
Motherson Sumi Systems inches up on getting nod to raise up to Rs 1,000 crore through NCDs
Motherson Sumi Systems inches up on getting nod to raise up to Rs 1,000 crore through NCDs
Source: Accord Fintech
9/11/2021 11:26:55 AM
Key News - Tech Mahindra Ltd, Larsen & Toubro Ltd, Motherson Sumi Systems Ltd, Britannia Industries Ltd, Wockhardt Ltd By ARETE Securities Key News Tech Mahindra Ltd jumps around 3% Tech Mahindra Ltd is quoting at Rs 1550, up 2.93% on the day as on 12:54 IST on the NSE. The stock is up 77.6% in last one year as compared to a 44.63% spurt in NIFTY and a 64.1% spurt in the Nifty IT index. Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 1550, up 2.93% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.59% on the day, quoting at 18022.1. The Sensex is at 60372.1...
Key News - Tech Mahindra Ltd, Larsen & Toubro Ltd, Motherson Sumi Systems Ltd, Britannia Industries Ltd, Wockhardt Ltd By ARETE Securities
Key News - Tech Mahindra Ltd, Larsen & Toubro Ltd, Motherson Sumi Systems Ltd, Britannia Industries Ltd, Wockhardt Ltd By ARETE Securities
Source: ARETE Securities Ltd
9/11/2021 9:24:28 AM
Buy Motherson Sumi Systems Ltd For Target Rs. 270 - Motilal Oswal Financial Services Ltd Enters Aerospace components via the CIM Tools acquisition  Also acquires a small Mirror business in China through a JV MSS on 8th Oct’21 announced two smaller acquisitions: a) CIM Tools (Aerospace components), and b) Nanchang JMCG Mekra Lang Vehicle Mirror Company (a Mirror company in China). Acquisition of CIM Tools marks the entry of MSS in the Aerospace segment, which is one of the focus areas for driving non-Auto business revenue to USD9b by FY25. These acquisitions, howe...
Buy Motherson Sumi Systems Ltd For Target Rs. 270 - Motilal Oswal Financial Services Ltd
Buy Motherson Sumi Systems Ltd For Target Rs. 270 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
11/10/2021 11:05:50 AM
Motherson Sumi Systems rises on acquiring majority stake in CIM Tools Motherson Sumi Systems is currently trading at Rs. 237.00, up by 0.95 points or 0.40% from its previous closing of Rs. 236.05 on the BSE. The scrip opened at Rs. 240.00 and has touched a high and low of Rs. 245.30 and Rs. 232.00 respectively. So far 1252760 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 273.00 on 02-Jun-2021 and a 52 week low of Rs. 103.85 on 30-Oct-2020. Last one week high and low of the scrip...
Motherson Sumi Systems rises on acquiring majority stake in CIM Tools
Motherson Sumi Systems rises on acquiring majority stake in CIM Tools
Source: Accord Fintech
8/10/2021 3:25:59 PM
Buy Motherson Sumi Systems Ltd : Well placed to capitalise on global PV recovery - ICICI Direct Buy Motherson Sumi Systems Ltd For Target Rs.270 Well placed to capitalise on global PV recovery… About the stock: Motherson Sumi (MSS) primarily serves global PV industry with wiring harnesses, vision systems (mirrors) & plastic body parts as key product lines. * History of successful turnarounds in acquisitions and inorganic-led growth * SMRPBV order book was at €15.6 billion as of FY21.   Q1FY22 Results: The company posted muted Q1FY22 results. * C...
Buy Motherson Sumi Systems Ltd : Well placed to capitalise on global PV recovery - ICICI Direct
Buy Motherson Sumi Systems Ltd : Well placed to capitalise on global PV recovery - ICICI Direct
Source: ICICI Direct
7/10/2021 9:57:29 AM
Buy Motherson Sumi Systems Ltd : Challenging quarter; margins impacted by one-time costs - ICICI Securities Buy Motherson Sumi Systems Ltd For Target Rs.312 Challenging quarter; margins impacted by one-time costs Motherson Sumi Systems’ (MSS) Q1FY22 operating earnings missed consensus estimates as EBITDA margin came in at 7.6% (down 260bps QoQ) largely due to the one-time impacts in PKC (~EUR20mn/80bps drag). However, SMR/SMP performance was in-line with consensus estimates aided by greenfield plants improvements (we expect these plants to reach PBT breakeven in H2FY22E); this would dri...
Buy Motherson Sumi Systems Ltd : Challenging quarter; margins impacted by one-time costs - ICICI Securities
Buy Motherson Sumi Systems Ltd : Challenging quarter; margins impacted by one-time costs - ICICI Securities
Source: ICICI Securities
1/10/2021 10:39:32 AM
Buy Motherson Sumi Systems Ltd For Target Rs.285 - Motilal Oswal Below est; all-round miss due to cost inflation, op. deleverage Underlying demand for PV / CV recovery remains strong * Motherson Sumi (MSS)’s 1QFY22 performance was impacted by exogenous factors in all its businesses (COVID in India and supply-side issues in overseas businesses), sharp copper price inflation, and non-recurring expenses at PKC. While the near-term outlook is murky due to supply chain uncertainties, MSS is well-positioned to benefit from cyclical recovery in its ke...
Buy Motherson Sumi Systems Ltd For Target Rs.285 - Motilal Oswal
Buy Motherson Sumi Systems Ltd For Target Rs.285 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
20/09/2021 12:00:36 PM
Buy Motherson Sumi Systems Ltd For Target Rs. 310 - ICICI Securities Strong FCF generation accelerates net debt reduction Motherson Sumi Systems’ (MSS) Q4FY21 operating earnings were in-line with consensus estimates as EBITDA margin came in at 10.1% (up 154bps YoY). However, FCF generation for FY21 positively surprised consensus at ~Rs 30.3bn leading to net debt reduction (ex-leases) at Rs48bn (down ~Rs21bn YoY/ lowest ever debt/EBITDA: 1.2x). Management expects SMP’s greenfield plants to reach PBT breakeven soon (we expect FY22), this is likely...
Buy Motherson Sumi Systems Ltd For Target Rs. 310 - ICICI Securities
Buy Motherson Sumi Systems Ltd For Target Rs. 310 - ICICI Securities
Source: ICICI Securities
6/07/2021 10:20:30 AM
Buy Motherson Sumi Ltd For Target Rs. 300 - ICICI Direct Healthy profitability sustains, EV order book exciting Motherson Sumi Systems (MSSL) reported a healthy operational performance in Q4FY21. The key highlight was sustained profitability at its overseas operations: SMR (EBITDA margins at 12.9%) & SMP (EBITDA margins at 8.7%). Consolidated revenues (including DWH) in Q4FY21 were at | 18,482 crore, up 22% YoY. EBITDA on a consolidated basis were at | 1,959 crore with EBITDA margins at 10.6%, down 20 bps QoQ. Consolidated PAT for Q4FY21 was...
Buy Motherson Sumi Ltd For Target Rs. 300 - ICICI Direct
Buy Motherson Sumi Ltd For Target Rs. 300 - ICICI Direct
Source: ICICI Direct
2/07/2021 11:12:17 AM
Buy Motherson Sumi For Target Rs 325 - Emkay Global Firing on all cylinders; maintain Buy * Q4FY21 EBITDA margin expanded by 150bps to 10.1%, above estimate of 9.7% on better margins in SMR, SMP and standalone divisions. Revenue grew 18% to Rs170bn, above estimate of Rs161bn. Outstanding order-book at SMR PBV surged to EUR15.6bn. * Driven by better margins and improving demand outlook, we upgrade FY22/23 EPS estimates by 6%/13% to Rs10.5/Rs13.5, and introduce FY24 EPS forecast of Rs16.2. We expect ROE to improve to 29% by FY24E, compared...
Buy Motherson Sumi For Target Rs 325 - Emkay Global
Buy Motherson Sumi For Target Rs 325 - Emkay Global
Source: Emkay Global
8/06/2021 11:04:01 AM
Buy Motherson Sumi Ltd For Target Rs.300 - Motilal Oswal Strong performance in SMP / India; raising estimates Strong order book in SMRPBV, recovery in India PV/US CV improves visibility * MSS’ 4QFY21 performance was a beat led by strong performance in India and SMP, as well as lower tax. MSS would continue to benefit from a cyclical recovery in its key businesses as well as from a strong order book and improving efficiencies in SMRPBV. * We upgrade our FY22E/FY23E EPS by 16%/20%, factoring in a strong recovery in SMP, India, and PKC,...
Buy Motherson Sumi Ltd For Target Rs.300 - Motilal Oswal
Buy Motherson Sumi Ltd For Target Rs.300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
3/06/2021 9:52:09 AM
Buy Motherson Sumi Systems Ltd Target Rs. 228 - Religare Broking Derivative Ideas MOTHERSUMI MAY FUTS added around 20% in open interest as LONG buildup was seen in it till closing time. Current chart pattern also indicates further up move in its price. We suggest buying MOTHERSUMI in cash as per below levels Strategy:- BUY MOTHERSUMI BETWEEN 215-217 STOP LOSS 209 TARGET 228.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is ...
Buy Motherson Sumi Systems Ltd Target Rs. 228 - Religare Broking
Buy Motherson Sumi Systems Ltd Target Rs. 228 - Religare Broking
Source: Religare Broking Ltd
29/04/2021 10:36:17 AM
Stock Picks - Motherson Sumi & Pidilite By ICICI Direct Motherson Sumi Buy Motherson Sumi @ 220.00-221.00 CMP 220.00 TGT 222.80/225.00 SL 218.20   Pidilite Sell Pidilite @ 1735.00-1740.00 CMP 1728.00 TGT 1721.60/1707.00 SL 1752.60   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for inf...
Stock Picks - Motherson Sumi & Pidilite By ICICI Direct
Stock Picks - Motherson Sumi & Pidilite By ICICI Direct
Source: ICICI Direct
24/02/2021 1:01:50 PM
Stock Picks - Motherson Sumi and Coforge By ICICI Direct Motherson Sumi Buy Motherson Sumi Ltd @ 163.80-164.50 CMP 163.80 TGT 167.50 SL 162.60   Coforge Buy Coforge Ltd @ 2618.00-2626.00 CMP 2618.95 TGT 2670.00 SL 2597.40   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of the author and not of the website kindly read disclaimer
Stock Picks - Motherson Sumi and Coforge By ICICI Direct
Stock Picks - Motherson Sumi and Coforge By ICICI Direct
Source: ICICI Direct
9/02/2021 11:52:38 AM
Tech Stars - JK Lakshmi Cement and Motherson Sumi Systems Ltd By Religare Broking JK Lakshmi Cement Limited TECHNICAL RATIONALE – We’ve been seeing noticeable traction in the cement stocks for the last one week and most stocks are trading at their record high or 52-week high. Amongst all, JK Lakshmi Cement has witnessed a fresh breakout from the consolidation range with a noticeable rise in volume. Indications are in the favor of prevailing momentum to continue. Traders can use any dip to accumulate in the given range. Buy JK Lakshmi Cement Ltd @...
Tech Stars - JK Lakshmi Cement and Motherson Sumi Systems Ltd By Religare Broking
Tech Stars - JK Lakshmi Cement and Motherson Sumi Systems Ltd By Religare Broking
Source: Religare Broking Ltd
9/02/2021 11:07:26 AM
Buy Motherson Sumi Systems Ltd For Target Rs.162 - ICICI Securities Improvement across verticals drives outperformance Motherson Sumi Systems’ (MSS) Q2FY21 operating performance was a beat on consensus estimates across verticals as EBITDA margin came in at 9.3% (up 139bps) even as revenues were down 2% YoY. The elephant (Tuscaloosa plant) has started to turn around as EBITDA turned positive at EUR 3mn (FY20: EBITDA loss EUR 175mn). Management expects further improvements in 2H, delivery on this could cause a hockey stick impact on earnings (we parti...
Buy Motherson Sumi Systems Ltd For Target Rs.162 - ICICI Securities
Buy Motherson Sumi Systems Ltd For Target Rs.162 - ICICI Securities
Source: ICICI Securities Ltd
21/01/2021 9:48:57 AM