Motherson Sumi Share Price: Hold Motherson Sumi, target price Rs 165: ICICI Direct

ICICI Direct has hold call on Motherson Sumi Systems with a target price of Rs 165. The current market price of Motherson Sumi Systems Ltd. is Rs 153.85.

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 48569.03 Crore) operating in Auto Ancillaries sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 14845.07 Crore, up 76.07 % from last quarter Sales of Rs 8431.23 Crore and down -5.50 % from last year same quarter Sales of Rs 15708.99 Crore Company has reported net profit after tax of Rs 446.42 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 61.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 16 per cent, DIIs 13.6 per cent and public and other 8.7 per cent.

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