ICICI Direct has given Buy recommendation for Motherson Sumi recommended buy rating on the stock with a target price of Rs 280 in its research rep with a target price of Rs. 280 in its research report issued on Oct 11, 2021

ICICI Direct’s research report on Motherson Sumi

Motherson Sumi (MSS) primarily serves global PV industry with wiring harnesses, vision systems (mirrors) & plastic body parts as key product lines. • As of FY21, SMRPBV order book was at €15.6 billion.

Outlook

Revising our forward estimates, we now value MSSL at Rs 280 i.e.30x P/E on FY23E EPS of Rs 9.3 (previous target price of Rs 270).

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