CLOSING BELL: Titan Company, Tech M, Maruti Suzuki, Cipla, IOC, Nestle India, Hero MotoCorp, Eicher Motors, L&T, TCS, Wipro, and Tata Steel were the top laggards
Growth in client volumes of Motherson Sumi and easing up of supply chain issues could be triggers.
Total revenue from operations stood at Rs 16,117.51 crore in the quarter under review against Rs 17,092.44 crore in the year-ago period
MSSL has fixed January 17, 2022 as record date for determining shareholders for allocation of additional shares of DWH business in the entitlement ratio of 1:1.
The company has recently received nod from the NCLT for the group's restructuring
Supply disruptions have led to downward revision of earnings estimates for FY22
The earnings season has almost come to an end, going forward individual stocks will react to corporate developments and broader market trend
Motherson Sumi reported a 76% decline in consolidated net profit from continuing operations at Rs 93.04 crore in the second quarter ended September, hit by global automotive supply chain disruptions
The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the mentioned range
Acquisitions such as the one in the aviation space is in line with goal of increasing non-auto revenues
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