01-06-2025
Bank of America Securities Reaffirms Their Buy Rating on Samvardhana Motherson International Limited (MOTHERSON)
In a report released on May 29, Gunjan Prithyani from Bank of America Securities maintained a Buy rating on Samvardhana Motherson International Limited (MOTHERSON – Research Report), with a price target of INR175.00. The company's shares closed last Friday at INR153.12.
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According to TipRanks, Prithyani is a 2-star analyst with an average return of -1.1% and a 45.45% success rate. Prithyani covers the Consumer Cyclical sector, focusing on stocks such as Tata Motors Limited, Eicher Motors Limited, and Hero Motocorp Limited.
Samvardhana Motherson International Limited has an analyst consensus of Moderate Buy, with a price target consensus of INR154.67, implying a 1.01% upside from current levels. In a report released on May 30, CLSA also maintained a Buy rating on the stock with a INR182.00 price target.
Based on Samvardhana Motherson International Limited's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of INR276.68 billion and a net profit of INR8.8 billion. In comparison, last year the company earned a revenue of INR232.94 billion and had a net profit of INR2.02 billion
