Morgan Stanley has maintained its overweight rating on Samvardhana Motherson, setting a target price of ₹193, suggesting an 18% potential upside from the current market price (CMP) of ₹163.90. While the company’s EBITDA came in 13% below Morgan Stanley’s estimates, the firm remains optimistic due to leverage gains expected from a seasonal uptick in auto volumes.
Morgan Stanley also highlights Samvardhana Motherson’s stronger balance sheet and the ramp-up of its non-auto business as key factors supporting its overweight stance.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
