Motherson Sumi Wiring India gains on Q1 profit rise

Motherson Sumi Wiring India

06/08/2024 04:59

** Shares of Motherson Sumi Wiring India  MSWI.NS  rise 3.8%
to 72.8 rupees
    ** The auto, truck and motorcycle parts maker reported a 21%
rise in Q1 profit, rev from ops up 17% Y/Y
    ** Stock set to snap five day losing streak
    ** Twelve analysts covering the stock on avg have a "buy"
rating, vs "hold" rating on peers Bosch  BOSH.NS  and Exide
Industries  EXID.NS  
    ** Median PT on MSWI is 77.5 rupees - LSEG data
    ** Stock up 17% so far this year


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))