ResultsCNBC-TV18
Samvardhana Motherson shares fall 8.5% after Q2 results
Positive+12Company event
GreyOak summary
Samvardhana Motherson shares dropped 8.5% to ₹153.87 following September quarter results showing 27% revenue growth to ₹38,280 crore. Despite the fall, 80% of analysts maintain buy ratings, with CLSA raising its price target to ₹217. The company reported a record order book of $106 billion and steady EBITDA margins.
What it affects
- Samvardhana Motherson InternationalMOTHERSONPositive +12
Shares fell 8.5% despite strong Q2 resultsRolling sentiment Positive +26
Source
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