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Sell Motherson Sumi Systems, target Rs 106: Kunal Bothra

Sell Motherson Sumi Systems Ltd. at a price target of Rs 106 and a stoploss at Rs 113 from entry point.

ETMarkets.com|
Updated: Jul 22, 2019, 09.09 AM IST
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Independent analyst Kunal Bothra has a sell call on Motherson Sumi Systems Ltd. with a target price of Rs 106. The current market price of Motherson Sumi Systems Ltd. is Rs 110.55. Time period given by the analyst is Intra Day when Motherson Sumi Systems Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 113. Motherson Sumi Systems Ltd., incorporated in 1986, has a market cap of Rs 34910.96 crore.

Motherson Sumi Systems Ltd. key Products/Revenue Segments include Auto Electricals which contributed Rs 7064.50 Crore to Sales Value (92.13 % of Total Sales), Traded Goods which contributed Rs 455.10 Crore to Sales Value (5.93 % of Total Sales), Sale of services which contributed Rs 92.20 Crore to Sales Value (1.20 % of Total Sales), Scrap which contributed Rs 28.80 Crore to Sales Value (0.37 % of Total Sales), Export Incentives which contributed Rs 15.70 Crore to Sales Value (0.20 % of Total Sales), Other Operating Revenue which contributed Rs 9.60 Crore to Sales Value (0.12 % of Total Sales) and Job Work which contributed Rs 1.40 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 16921.40 Crore, up 4.24 % from last quarter Sales of Rs 16233.65 Crore and up 10.73 % from last year same quarter Sales of Rs 15281.58 Crore Company has reported net profit after tax of Rs 408.23 Crore in latest quarter. The company’s top management includes Mr.Arjun Puri, Mr.Gautam Mukherjee, Mr.Laksh Vaaman Sehgal, Mr.Naveen Ganzu, Mr.Nishimura Shunichiro, Mr.Pankaj Mital, Mr.Sushil Chandra Tripathi, Mr.Vivek Chaand Sehgal, Ms.Geeta Mathur, Ms.Noriyo Nakamura. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 3,157,934,237 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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