Analysts Bullish On Motherson Sumi
  • Elizabeth George
  • Sep 26 2013

September 26: Motherson Sumi has been the top performing Indian auto-ancillary stock over the past year, with gains of over 54%. Brokerages are positive on the stock and a Bloomberg Consensus has 92% Buy calls on the company. The company has benefitted from a weak rupee as it gets 80% of its revenues from abroad and its recent acquisition, Peguform, will start contributing substantially over the next 2 years. In this segment, we tell you what else is fuelling broad optimism around the company.