Buy Motherson Sumi Wiring India, target price Rs 105: ICICI Direct

ICICI Direct has buy call on Motherson Sumi Wiring India Ltd. with a target price of Rs 105. The current market price of Motherson Sumi Wiring India is Rs 85.85.

Motherson Sumi Wiring India Ltd., incorporated in the year 2020, is a Small Cap company (having a market cap of Rs 27142.44 Crore) operating in General sector.

Motherson Sumi Wiring India Ltd. key Products/Revenue Segments include Cables & Wires, Other Operating Revenue, Sale of services and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 1678.63 Crore, up .47 % from last quarter Total Income of Rs 1670.81 Crore and up 50.70 % from last year same quarter Total Income of Rs 1113.89 Crore. Company reported net profit after tax of Rs 125.96 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 61.73 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.6 per cent, DIIs 20.82 per cent.