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Buy Motherson Sumi Wiring India; target of Rs 75: ICICI Direct

ICICI Direct is bullish on Motherson Sumi Wiring India recommended buy rating on the stock with a target price of Rs 75 in its research report dated December 05, 2022.

December 06, 2022 / 03:01 PM IST
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ICICI Direct's research report on Motherson Sumi Wiring India

Motherson Sumi Wiring India (MSWIL) was established in 1986 as a JV with Sumitomo Wiring Systems (Japan). MSWIL is a leading, full-system wiring harness solutions provider in India catering to all major OEMs like Maruti Suzuki, Toyota Motors, Ashok Leyland, Tata Motors, etc. Listed on March 28, 2022. FY22 segment mix: PV: 60%; CV: 11%; 2-W: 12%; Others: 17%.


With fundamentals remaining unchanged, we retain our BUY rating on the stock. Rolling over our valuations, we now value MSWIL at Rs 75 i.e. 40x P/E on FY25E EPS.

For all recommendations report, click here

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Motherson Sumi Wiring India - 06 -12-2022 - icici

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first published: Dec 6, 2022 03:01 pm