ResultsNDTV Profit
Samvardhana Motherson Q2 profit up 42%; brokers raise targets
Positive+14Company event
GreyOak summary
Samvardhana Motherson reported a 42.1% rise in Q2 net profit to Rs 1,175 crore and revenue growth of 26.9%. While Jefferies raised its target price to Rs 200, Citi retained a Sell rating despite raising its target to Rs 140. The company cites acquisitions and expansion in electronics and aerospace as key growth drivers.
What it affects
- Samvardhana Motherson InternationalMOTHERSONPositive +14
Q2 profit up 42% to Rs 1,175 croreRolling sentiment Positive +26
Source
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