Buy Samvardhana Motherson International, target price Rs 110: Motilal Oswal

Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 61292.73 Crore) operating in Auto Ancillaries sector.

By ETMarkets.com | Updated: Nov 10, 2023, 10.26 AM IST

Promoters held 64.77 per cent stake in the company as of 30-Sep-2023, while FIIs owned 11.41 per cent, DIIs 14.92 per cent.

Motilal Oswal has buy call on Samvardhana Motherson International with a target price of Rs 110. The current market price of Samvardhana Motherson International Ltd. is Rs 88.8.

Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 61292.73 Crore) operating in Auto Ancillaries sector.

Samvardhana Motherson International Ltd. key Products/Revenue Segments include Auto Electricals, Sale of services, Scrap, Other Operating Revenue, Export Incentives, Job Work for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 23639.16 Crore, up 4.99 % from last quarter Total Income of Rs 22515.07 Crore and up 28.79 % from last year same quarter Total Income of Rs 18354.82 Crore. Company has reported net profit after tax of Rs 220.31 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 64.77 per cent stake in the company as of 30-Sep-2023, while FIIs owned 11.41 per cent, DIIs 14.92 per cent.

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