Sell Motherson Sumi Systems, target price Rs 130: Chandan Taparia

Chandan Taparia of Motilal Oswal has sell call on Motherson Sumi Systems with a target price of Rs 130.
The current market price of Motherson Sumi Systems Ltd. is Rs 139.25. Time period given by analyst is Intra Day when Motherson Sumi Systems Ltd. price can reach defined target.

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 62885.19 Crore) operating in Auto Ancillaries sector.


Motherson Sumi Systems Ltd. key Products/Revenue Segments include Auto Electricals, Sale of services, Traded Goods, Scrap, Other Operating Revenue, Export Incentives and Job Work for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 16240.17 Crore, up 14.66 % from last quarter Total Income of Rs 14163.53 Crore and down -5.35 % from last year same quarter Total Income of Rs 17157.63 Crore. Company reported net profit after tax of Rs 387.30 Crore in latest quarter.

Investment Rationale
Major trend is in pressure and bounce are likely to sold off, broken its rising trend line as well

Promoter/FII Holdings
Promoters held 61.73 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.43 per cent, DIIs 13.86 per cent.