BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Citi initiates Motherson Sumi Systems with sell
Citi initiated coverage on Motherson with a "sell" rating. Expect FY17-FY19 earnings per share to be 0-15 per cent below the consensus estimates. Valuation of the stock is likely to contract going ahead. See low probability of stock re-rating.