Samvardhana Motherson's stock target rise up to Rs 180. Should you buy, sell or hold?
Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24.
The company's total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 crore in the last quarter of FY23.
The shares of Samvardhana Motherson International were trading nearly 1% higher today on BSE at Rs 148 around 10 am.
Here is what analysts have to say about the company's performance:
JM Financial
«Over the medium-to-long term, we expect premiumisation and electrification to drive content per vehicle for SAMIL’s powertrain-agnostic product portfolio. Recent acquisitions have started reflecting favorably on overall performance and the company indicated a strong pipeline going forward,» stated a JM Financial report.
JM Financial has maintained a 'buy' rating on the stock with a target price of Rs 180.
Motilal Oswal
Given its well-diversified presence across components, geographies, and customers, Samvardhana Motherson International is emerging as the key beneficiary of the growing popularity of EVs and the rising trend of premiumization across segments. This is evident in a significant ramp-up in its order book, with its booked business scaling up to USD83.9b.
Motilal Oswal has retained a 'buy' view on the stock with a target price of Rs 170.
Nuvama
«We are constructive on SAMIL’s prospects on the back of its strong management capabilities, pending order book and increasing content per vehicle due to premiumisation/
