BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura initiates Motherson Sumi Systems with buy
Nomura has initiated coverage on Motherson Sumi with a "buy" rating for target price of Rs 387.Passenger vehicle recovery to drive domestic business. Strong order book offers visibility on overseas business. FY19 EPS estimates are 12 per cent ahead of consensus. We see further value-accretion through acquisitions.