BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
CLSA maintains sell on Motherson Sumi Systems
CLSA has maintained "sell" rating on Motherson Sumi with a target price of Rs 255. The stock has rallied 55 per cent from February lows. Valuation looks expensive after recent rally. We have cut FY17 and FY18 earnings per share estimates of the company by 5-8 per cent.