Stay with Motherson Sumi Systems: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "For the long-term one should stay invested in Motherson Sumi Systems. Technically the major correction is already through, it is on a fresh uptrend. The intermediate trend is up, short-term trend is also up. Even though the great gradient may not be that great in fact it is not showing any fireworks as it used to at one point of time but still it is a very good stock for a long-term investor and arguably it is one of the best auto ancillary company at least in Indian market."

At 15:09 hrs Motherson Sumi Systems was quoting at Rs 370.50, up Rs 4.85, or 1.33 percent on the BSE.

The share touched its 52-week high Rs 373 and 52-week low Rs 252.60 on 20 March, 2017 and 29 March, 2016, respectively.