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Buy Motherson Sumi; target of Rs 135: Motilal Oswal

Motilal Oswal is bullish on Motherson Sumi recommended buy rating on the stock with a target price of Rs 135 in its research report dated August 11, 2020.

August 13, 2020 / 15:03 IST
     
     
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    Motilal Oswal 's research report on Motherson Sumi

    Motherson Sumi (MSS)’s 1QFY21 operating performance beat was driven by lower losses in global businesses. SMP’s greenfield plant progression toward breakeven continues despite the COVID-19 impact as losses reduce on a QoQ basis. MSS is well-positioned to come out of the crisis stronger, driven by its robust order book, for which it is already fully invested. MSS is our preferred bet on global recovery in Auto. Maintain Buy, with TP of INR135 (Sep’22 SOTP).

    Outlook

    Our positive view on MSS remains intact (stabilization of greenfield plants + execution of SMRPBV’s strong order book + India recovery). Maintain Buy, with TP of INR135 (Sep’22 SOTP).

    For all recommendations report, click here

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    Broker Research
    first published: Aug 13, 2020 03:03 pm

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