Going forward, Nifty has an immediate support near 10285 and if it sustains below this level will lead to a further correction towards 10210 and 10141 levels respectively.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Petronet LNG and buy Motherson Sumi Systems.
"Any significant breach below 10,130 may drag Index further lower till 10,000 mark i.e. 78.60 percent Retracement level (Drawn from low of 9687 to high of 11,171) on daily scale which might work as strong support zone," says Rajesh Agarwal of AUM Capital.
Global research firm HSBC has retained a buy on Motherson Sumi Systems as the house sees long term potential in the stock. The firm is of the view that the correction in the stock is overdone post Q3. It expects MSS’s businesses to return to strong growth trajectories.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finserv, UPL and Motherson Sumi Systems.
Sandeep Wagle of powermywealth.com recommends selling Tata Steel and Motherson Sumi Systems.
Sandeep Wagle of powermywealth.com suggests selling Tata Steel and Motherson Sumi Systems.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Sun TV and Jindal Steel & Power and can buy Bombay Burmah Trading.
Sandeep Wagle of powermywealth.com recommends selling Adani Enterprises and Motherson Sumi Systems.
The company had posted a consolidated net profit of Rs 547.32 crore in the year-ago period, Motherson Sumi Systems Ltd (MSSL) said in a BSE filing.
Ashwani Gujral of ashwanigujral.com recommends buying Infosys, Yes Bank and Kotak Mahindra Bank.
Prakash Gaba of prakashgaba.com recommends buying Bajaj Auto with target at Rs 3450 and stop loss at Rs 3380, JK Tyre with target at Rs 200 and stop loss at Rs 180 and a buy in Mahindra & Mahindra with target at Rs 820 and stop loss at Rs 780.
MSS has strong organic growth opportunities in international as well as domestic market driven by increase in content per vehicle, strong order book and entry in new markets/segment.
Goldman Sachs raised revenue estimates for the next three financial years by 5 percent, 9 percent and 8 percent, respectively.
The research house said Motherson is well placed to benefit from increasing role of auto component suppliers.
Analysts expect operating margins to improve on sequential basis. Margin may be held firm by SMR business due to higher volumes, but SMP margin may see some pressure due to start up cost in Audi plant.
For decades, we were used to ambassadors and the Premier Padmini cars but the launch of Maruti 800 in 1983 changed the country’s automobile landscape forever. In the process, it has changed the fortunes of hundreds of auto component makers. Fortunately, all of them are shining but one is shining even more brightly, Motherson Sumi Systems.
Net Sales are expected to increase by 34.2 percent Y-o-Y (up 3.7 percent Q-o-Q) to Rs. 13608.5 crore, according to Edelweiss.
Ashwani Gujral of ashwanigujral.com recommends buying Coromandel International, Ashok Leyland, IGL, Edelweiss Financial Services and Jubilant Foodworks.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tech Mahindra, Motherson Sumi Systems and UltraTech Cement and can hold Jet Airways.
Amit Gupta of ICICIdirect advises buying Motherson Sumi Systems and Tata Consultancy Services.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Motherson Sumi Systems and sell Jindal Steel & Power and IFCI.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank and Titan Company and feels that Motherson Sumi Systems is likely to test Rs 400-420.
Rajat Bose of rajatkbose.com is of the view that one can buy Sun TV Network and sell Motherson Sumi Systems.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Hindustan Unilever, Reliance Capital, SREI Infrastructure, Thomas Cook and SRF.