Motherson Sumi is stable stock: Jagannadham Thunuguntla

In a chat with ET Now, Jagannadham Thunuguntla, Equity Head & HoR, SMC Capitals, shares his views on Apollo tyres and Motherson Sumi. Excerpt:

ET Now: Your call on Motherson Sumi?

Jagannadham Thunuguntla: Motherson Sumi is a decent bet. It is one of the stable stocks.It is a good to have in your portfolio.

ET Now: What about tyre stocks?

Jagannadham Thunuguntla: Apollo Tyres is one stock that has been beaten down after the Cooper deal.

But, if they can able to integrate the whole acquisitions, then it may be a winning deal for the Apollo Tyres and between 60-65, it should be fine quality investment.