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

Goldman Sachs hasa buy call on Motherson Sumi Systems Ltd. with a target price of Rs 364. The current market price of Motherson Sumi Systems Ltd. is Rs 288.0. Time period given by analyst is year, when Motherson Sumi Systems Ltd. price can reach defined target. The brokerage firm estimate €5.6bn incremental revenue opportunity from low raw material costs. Diversification strategy, sustained tailwinds of cross selling to combat sales slowdown, premiumization is likely to enable it to outperform. Key plant ramp-up should drive growth. The global investment bank sees benefits from: exposure to industry tailwinds, extensive order book. The global investment bank sees good prospects for India biz which is at inflection point.