BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
CLSA Maintains Underperform on Motherson Sumi
CLS has maintained its 'underperform' outlook on Motherson Sumi for target price of Rs 325. CLSA has cut its target price from Rs 380. It says that concerns such as slow Indian auto recovery, slower-than-expected margin improvement at SMP and weakness in China would weigh on the company. CLSA adds that the Street estimates are too high and valuations have declined but are not cheap.