Should you buy or sell Samvardhana Motherson shares? Here is what analysts suggest
Here is what analysts from the global and domestic brokerages have suggested.
Samvardhana Motherson International, who manufactures auto components reported a rise of 222.5 per cent in consolidated net profit to Rs 948.81 crore in its July-September quarter results on November 12, 2024. After this major event should you buy or sell the stock to book your profit?
Analysts' views on the Samvardhana Motherson stock
Here is what analysts from the global and domestic brokerages have recommended:
Should you buy or sell Samvardhana Motherson shares?
CLSA's analysts have upgraded their rating on Samvardhana Motherson shares to 'outperform' with a target of Rs 190.
Earlier, the brokerage had an 'underperform' rating with a target of Rs 130.
Should you buy or sell Samvardhana Motherson shares?
Nomura has maintained a 'buy' stance on the Samvardhana Motherson stock with a target of Rs 209.
Should you buy or sell Samvardhana Motherson shares?
Similarly, another brokerage, Jefferies has recommended buying the stock with a target of Rs 215.
Should you buy or sell Samvardhana Motherson shares?
Two brokerages, JPMorgan and Morgan Stanley have an 'overweight' rating on the auto component maker stock along with the decrease in target prices of Rs 190 and Rs 193, respectively.
Should you buy or sell Samvardhana Motherson shares?
In contrast, Citi has maintained a 'sell' call with a target of Rs 125.
Should you buy or sell Samvardhana Motherson shares?
Moreover, domestic brokerage JM Financial recommended buying the stock with a one-year target of Rs 210.
Should you buy or sell Samvardhana Motherson shares?
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)