Above Rs 200, Motherson Sumi can test Rs 220: LKP

3365 Investors following Motherson Sumi. Share this News with them.

0

Like this story, share it with millions of investors on M3

Above Rs 200, Motherson Sumi can test Rs 220: LKP

Above Rs 200, Motherson Sumi can test Rs 220, says Rakesh Gandhi, LKP.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rakesh Gandhi See what other Experts & Brokerages are saying about Motherson Sumi See messages about Motherson Sumi

Above Rs 200, Motherson Sumi can test Rs 220, says Rakesh Gandhi, LKP.

Gandhi told CNBC-TV18, "I have not been watching Motherson Sumi Systems but I think it is trading at Rs 197 and staying above Rs 200 level could increase the momentum in this stock, which could take it to the level of Rs 215 or Rs 220 also."

The company's trailing 12-month (TTM) EPS was at Rs 8.35 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 23.37. The latest book value of the company is Rs 26.07 per share. At current value, the price-to-book value of the company was 7.48. The dividend yield of the company was 1.41%.