Buy Motherson Sumi; target of Rs 117: Motilal Oswal

Motilal Oswal is bullish on Motherson Sumi has recommended buy rating on the stock with a target price of Rs 117 in its research report dated June 02, 2020.

Broker Research

June 04, 2020 / 09:19 IST

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Motilal Oswal 's research report on Motherson Sumi

Motherson Sumi’s (MSS) 4QFY20 operating performance was driven by strong all-round performance in India and margin surprise in PKC and SMR. MSS is well positioned to come out stronger from this crisis, driven by strong order-book, for which it is already fully invested.

Outlook

We have lowered our FY21/FY22E consol. EPS by 23.5%/3% to factor in the business loss due to COVID-19 in all key businesses. Maintain Buy with TP of INR117 (Jun’22E SOTP).

For all recommendations report, click here

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Broker Research

first published: Jun 4, 2020 09:19 am

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