Buy Motherson Sumi Systems Ltd., target Rs 364 : Goldman Sachs

Goldman Sachs has a buy call on Motherson Sumi Systems Ltd. with a target price of Rs 364. The current market price of Motherson Sumi Systems Ltd. is 280.4. Time period given by analyst is year, when Motherson Sumi Systems Ltd. price can reach defined target. The global investment bank estimates €5.6bn incremental revenue opportunity from low raw material costs. Diversification strategy along with sustained tailwinds of cross selling to combat sales slowdown Premiumization, platform consolidation should enable the stock to outperform. The key plant ramp up should drive growth. Goldman Sachs sees benefits from: exposure to industry tailwinds, and extensive order book. It sees good prospects for India biz which is at inflection point.