Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 40389.98 Crore) operating in Auto Ancillaries sector.
By ETMarkets.com | Updated:
Agencies
Promoters held 52 per cent stake in the company as of Sept 30, 2020, while FIIs held 14.3 per cent, DIIs 15.3 per cent and public and others 18.5 per cent.
Motilal Oswal has given a buy rating to Motherson Sumi Systems with a target price of Rs 150. The share price moved up by 0.78 per cent from its previous close of Rs 127.40. The stock’s last traded price is Rs 128.40.
Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 40389.98 Crore) operating in Auto Ancillaries sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 14845.07 Crore, up 76.07 % from last quarter Sales of Rs 8431.23 Crore and down -5.50 % from last year same quarter Sales of Rs 15708.99 Crore Company reported net profit after tax of Rs 446.42 Crore in latest quarter.
Investment Rationale The positive view on MSS remains intact (turnaround in greenfield plant + execution of strong order book of SMRPBV + industry recovery). Maintain Buy, with TP of ~INR150 Promoter/FII Holdings Promoters held 52 per cent stake in the company as of Sept 30, 2020, while FIIs held 14.3 per cent, DIIs 15.3 per cent and public and others 18.5 per cent.
