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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Credit Suisse Maintains Underperform on Motherson Sumi
Credit Suisse has maintained 'underperform' on Motherson Sumi for target price of Rs 280 per share. Credit Suisse says that the stock has underperformed market by 10 per cent last month. Credit Suisse adds that it sees further EPS cuts going ahead and the stock trades at 21 times FY17E earnings. Motherson trades at 50 per cent premium to global peers. Credit Suisse prefers Bharat Forge over Motherson Sumi.