Motherson Sumi drops 3%; brokers unhappy about outlookThe stock fell 3.23 per cent to hit a low of Rs 315.80 on BSE. Foreign brokerage Citi Group has maintained a sell rating on the stock with ...
- Buy Motherson Sumi Systems, target Rs 390 : HSBC
The global brokerage firm believes that domestic car growth will benefit wiring harness business and fears from Samvardhana Motherson Refle...
- Underperform on Motherson Sumi with a target at Rs 240: Credit Suisse
The bigger disappointment was in Samvardhana Motherson Peguform (SMP) profitability as margins were flat YoY.
Motherson Sumi Q4 net profit rises 22%, beats estimatesThe company had posted a consolidated net profit of Rs 340.1 crore in the same quarter of the previous year, Motherson Sumi Systems said in...
Motherson Sumi Systems Ltd Q3 net profit jumps over 2-fold to Rs 249.60 croreMotherson Sumi Systems Ltd has reported almost two-and-half fold increase in its consolidated net profit at Rs 249.60 crore for the third q...
- Our phenomenal growth coming from all areas: Pankaj Mital, Motherson Sumi Systems
"We have seen an all-round phenomenal performance coming from all areas," says Pankaj Mital, COO, Motherson Sumi Systems Ltd.
- CLSA initiates coverage on Motherson Sumi, expects 22% upside
CLSA has initiated ‘BUY’ with a target price of Rs 235 on the counter and sees a potential upside of 22 per cent from the current levels.
- Motherson Sumi Q1 net profit at Rs 8 crore
Motherson Sumi Systems Ltd today posted a consolidated net profit of Rs 8.14 crore for the first quarter ended June 30, 2012.
- ET Wealth: Motherson Sumi Systems poised to grow
Though the recent acquisition of Peguform (now SMP) has put pressure on the consolidated balance sheet in the short term, strong cash flow ...
- Samvardhana Motherson pledges 18.21% stake in Mother Sumi
The promoter of auto component maker Mother Sumi Systems has pledged 18.21% stake in the co estimated to be worth over Rs 1,150 cr.
- Auto ancillary stocks: Rupee fluctuation remains a key concern
Auto ancillary stocks, as measured by the ET Auto Ancillary Index, have gained 22% year to date compared with a 9% rise in the Sensex.
- Motherson Sumi Systems Q4 net profit at Rs 195 crore
Motherson Sumi Systems Ltd today posted a consolidated net profit of Rs 194.83 crore for the fourth quarter ended March 31, 2012.
- All eyes on Samvardhana Motherson Finance's 1,665-crore IPO
The IPO is a combination of fresh issue of equity shares and an offer for sale from a promoter group entity and has been priced at 113-118 ...
- No big acquisition in the offing: Motherson Sumi Systems
In an interview with ET Now, Vivek Chaand Sehgal, Vice-Chairman, Motherson Sumi Systems, talks about the company's status and future strate...
- Motherson Sumi System acquisition looks beneficial in long term
The latest overseas acquisition by Motherson Sumi System will help the company expand its presence in Europe.
- Motherson Sumi stock up in morning trade on bourses
Shares of auto component-maker Motherson Sumi Systems went up by 4% in early trade on the bourses as investors covered short positions.
- Motherson Sumi to acquire 80% in Peguform;stk down
Motherson Sumi will acquire 80 pc stake in Peguform Group, Germany from Cross Industries AC, who would continue to hold 20 pc shareholding.