Buy Motherson Sumi Systems Ltd., target Rs 400.0 : IIFL

IIFL has Buy call on Motherson Sumi Systems Ltd. with a target price of Rs 400.0. The current market price of Motherson Sumi Systems Ltd. is 322.45. Time period given by analyst is year, when Motherson Sumi Systems Ltd. price can reach defined target. Although June quarter re sults were a mixed bag, IIFL expects growth and margins to pick up as new plants and new order come online as management reiterated its FY20 revenue ROCE targets, which was heartening.