ICICI Direct recommended hold rating on Motherson Sumi with a target price of Rs 370 in its research report dated February 14, 2017.
ICICI Direct's research report on Motherson Sumi
MSL’s competence in turning around businesses is evident from the success of SMR & SMP. The management’s strong focus on RoCE augurs well for its performance. We remain positive on the long term perspective. We value MSL on an SOTP basis with a target price of Rs 370 & maintain HOLD rating on the stock.
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