India's Samvardhana Motherson falls after Q2 results miss estimates

Samvardhana Motherson International

12/11/2024 10:04

** Shares of Samvardhana Motherson  SAMD.NS  shed 5.3% to
165.55 rupees, log fourth straight session of decline
    ** Auto parts maker reports Q2 profit, rev below analysts'
estimates - LSEG
    ** Trading volume 2.1x the 30-day moving avg
    ** Avg rating on SAMD at "buy"; median PT is 204.82 rupees -
LSEG data
    ** Stock up ~63% YTD, set for second straight annual gain 


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))