Both companies have exposure to United Kingdom and Brexit was one of reasons that impacted their earnings for many quarters now.
Prabhudas Lilladher recommended accumulate rating on Motherson Sumi Systems with a target price of Rs 111 in its research report dated August 13, 2019.
The company had reported a profit of Rs 618.35 crore during the same period of previous fiscal.
Net Sales are expected to increase by 12.3 percent Y-o-Y (down 3.4 percent Q-o-Q) to Rs. 16,589 crore, according to Kotak.
Net Sales are expected to increase by 8 percent Y-o-Y (down 7 percent Q-o-Q) to Rs. 15,961.7 crore, according to Prabhudas Lilladher.
Prabhudas Lilladher recommended accumulate rating on Motherson Sumi Systems with a target price of Rs 131 in its research report dated May 28, 2019.
Credit Suisse sees little scope for further de-rating. In case of Motherson, the brokerage sees normalisation from second half of FY20, which should help margin
Macquarie maintains outperform call on the stock with a target price at Rs 185 apiece
Motherson Sumi said during the year it bagged new orders worth Rs 45,312 crore and started execution of orders worth Rs 55,021 crore
According to HSBC, Q4 could be another slow quarter for the auto ancillary company but FY20/21 would be strong.
Net Sales are expected to increase by 10.6 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 17,037 crore, according to Prabhudas Lilladher.
Motherson Sumi reduced its consolidated debt to Rs 9,705 crore at the end of December quarter, from Rs 11,302 crore at the end of September 2018.
The move is positive for Motherson Sumi Systems as it is leading supplier to global passenger vehicle players, Sharekhan said.
The breadth of the market favoured the advances with 831 stocks advancing and 685 declining while 532 remained unchanged. On the BSE, 889 stocks advanced, 625 declined and 77 remained unchanged.
Leoni, which had reported 4.9 billion euro revenue in 2017, is expected to help the company to achieve its $18 billion annual targets by 2020.
Largecap and quality midcaps are a better bet at current levels. In terms of sectors, investors can look at banking, insurance, AMC companies, IT and retail-oriented stocks
Motilal Oswal prefers four-wheeler stocks over 2-wheeler and CVs due to their stronger volume growth and a stable competitive environment.
Prabhudas Lilladher recommended accumulate rating on Motherson Sumi Systems with a target price of Rs 179 in its research report dated November 15, 2018.