Buy Samvardhana Motherson International, target price Rs 114: ICICI Securities

Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 65358.58 Crore) operating in Auto Ancillaries sector.

By ETMarkets.com | Updated: Sep 25, 2023, 11.34 AM IST

Promoters held 64.77 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.83 per cent, DIIs 15.12 per cent.

ICICI Securities has buy call on Samvardhana Motherson International Ltd. with a target price of Rs 114. The current market price of Samvardhana Motherson International Ltd. is Rs 96.38.
Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 65358.58 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 30-06-2023, the company reported a Consolidated Total Income of Rs 22515.07 Crore, down -.16 % from last quarter Total Income of Rs 22551.94 Crore and up 27.11 % from last year same quarter Total Income of Rs 17712.55 Crore. Company reported net profit after tax of Rs 625.01 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 64.77 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.83 per cent, DIIs 15.12 per cent.

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