Sell Motherson Sumi Systems, target price Rs 130: Chandan Taparia

Sell Motherson Sumi Systems, target price Rs 130: Chandan Taparia
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 62885.19 Crore) operating in Auto Ancillaries sector.

Agencies
Promoters held 61.73 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.43 per cent, DIIs 13.86 per cent.

Related

Chandan Taparia of Motilal Oswal has sell call on Motherson Sumi Systems with a target price of Rs 130.
The current market price of Motherson Sumi Systems Ltd. is Rs 139.25. Time period given by analyst is Intra Day when Motherson Sumi Systems Ltd. price can reach defined target.

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 62885.19 Crore) operating in Auto Ancillaries sector.

Motherson Sumi Systems Ltd. key Products/Revenue Segments include Auto Electricals, Sale of services, Traded Goods, Scrap, Other Operating Revenue, Export Incentives and Job Work for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 16240.17 Crore, up 14.66 % from last quarter Total Income of Rs 14163.53 Crore and down -5.35 % from last year same quarter Total Income of Rs 17157.63 Crore. Company reported net profit after tax of Rs 387.30 Crore in latest quarter.

Investment Rationale
Major trend is in pressure and bounce are likely to sold off, broken its rising trend line as well

Promoter/FII Holdings
Promoters held 61.73 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.43 per cent, DIIs 13.86 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by