Motherson Sumi is a good pick at current levels: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, Edelweiss Financial Services, shares his views on Motherson Sumi. Excerpt:

ET Now: What is your call on ​Motherson Sumi?

Ambareesh Baliga: Motherson Sumi is a good pick at these levels because we have seen that the company has been growing at about 45%-50% year-on-year over the last 8 to 10 years.

Although it may not grow at 45-50 while marching ahead but we still are looking at about 30% sort of CAGR growth. So even at these levels it makes a lot of sense getting into Motherson Sumi.