ETAutoRelated
Kotak Securities has buy call on Systems Ltd. with a target price of Rs 243. The current market price of Motherson Sumi Systems Ltd. is Rs 235.05.
Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 73627.24 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 17157.63 Crore, up 14.29 % from last quarter Total Income of Rs 15012.49 Crore and up 13.84 % from last year same quarter Total Income of Rs 15071.79 Crore. Company reported net profit after tax of Rs 1234.67 Crore in latest quarter.
Investment Rationale
The stock is trading in an ascending channel with a higher high and higher low chart formation on the daily chart.
Promoter/FII Holdings
Promoters held 61.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.1 per cent, DIIs 14.3 per cent and public and others 7.9 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 73627.24 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 17157.63 Crore, up 14.29 % from last quarter Total Income of Rs 15012.49 Crore and up 13.84 % from last year same quarter Total Income of Rs 15071.79 Crore. Company reported net profit after tax of Rs 1234.67 Crore in latest quarter.
Investment Rationale
The stock is trading in an ascending channel with a higher high and higher low chart formation on the daily chart.
Promoter/FII Holdings
Promoters held 61.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.1 per cent, DIIs 14.3 per cent and public and others 7.9 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
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