Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
151.90
Change Change %
8.40 5.85%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
149.30
Change Change %
6.25 4.37%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
CLSA
N/A
04-09-2015 Sell 300.00 325.00
N/A
Target Hit Custom
04-09-2016

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.

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