The derivative analyst from HDFC Securities recommends this strategy based on the following four rationales
Auto components major Motherson Sumi Systems Ltd (MSSL) is gearing up to bring in more entities under its fold with many companies looking for partners or acquirers due to challenging biz environment
Margin trajectory at international subsidiaries remains key trigger for the stock
Auto components major Motherson Sumi Systems Ltd (MSSL) on Tuesday reported a consolidated net profit of Rs 367.65 crore from continuing operations in the first quarter ended June 30
Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate
Shares of Motherson Sumi, Jay Bharat Maruti and Bharat Gears have surged over 50 per cent so far this year and continue to see positive interest from market players
Further margin gains could be a key trigger for the stock
Shares of auto components major Motherson Sumi Systems Ltd on Wednesday jumped over 13 per cent after Q4 earnings
Sebi has barred eight entities, including two employees of Infosys, from the securities market for indulging in insider trading activities in the shares of the IT major
HDFC has said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis
Most metal stocks are trading at their record highs and showing no sign of slowing down
Motherson Sumi has witnessed a breakdown from a distribution pattern on the daily chart
Motherson Sumi said that its long term rating has been reaffirmed to CRISIL AA+, with 'Stable' outlook from the earlier 'negative'
Increased utilisation, improving margins and lower debt are profit triggers going ahead
Increased utilisation, improving margins and lower debt are profit triggers going ahead
Ambuja Cement surged almost vertically from the support zone of the medium-term moving average (100 EMA) on the daily chart and made a new record high as well
Nifty Auto index has jumped 8 per cent on a year-to-date basis in 2021
As many as 49 stocks from the BSE500 index hit their 52-week highs today.
Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22
Motherson Sumi on Tuesday said it has inked a pact to acquire Bombardier's Mexico-based electrical wiring interconnection systems (EWIS) business for around USD 10 million