[ad_1] Shares of Samvardhana Motherson International Ltd. (SAMIL) will be in focus on Friday’s trading session after the auto components manufacturer said that it will undertake proactive cost optimisation measures to improve operating efficiencies. Motherson has completed 23 acquisitions since 2020 making substantial investments globally, the company said in an exchange filing. The evolving and […]
Samvardhana Motherson extends $1.1 billion in loan guarantees to wholly-owned subsidiaries – CNBC TV18
[ad_1] Samvardhana Motherson International Limited has issued corporate guarantees worth approximately $1.1 billion to support the lenders and creditors of its wholly-owned subsidiaries. The company said this step would help harmonise the security structure and allow its consolidated credit strength to benefit its subsidiaries. According to a regulatory filing with the BSE and NSE, the […]
Samvardhana Motherson seeks to ease investor fears, says Trump tariffs unlikely to dent growth – CNBC TV18
[ad_1] Samvardhana Motherson International Ltd (SAMIL) has sought to allay investor concerns after its shares tumbled amid fears of Donald Trump’s proposed 25% tariff on foreign car imports. The company stated that a significant part of its US business is either locally manufactured or qualifies under the US-Mexico-Canada Agreement (USMCA), reducing exposure to potential tariff […]
Samvardhana Motherson shares can double in three years, CLSA says citing subdued valuations – CNBC TV18
[ad_1] Brokerage firm CLSA expects shares of Samvardhana Motherson Ltd. to potentially double over the next three years. It made these remarks in a note on Thursday, March 27. The brokerage has an “outperform” rating on the manufacturer of automobile components and equipment with a price target of ₹167. This implies a potential upside of […]
Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set to open lower; BHEL, RVNL in focus
[ad_1] Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session lower. Nifty 50 closed at 22,929.25, while Sensex ended at 75,939.21. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,348.1 points below its record high of 26,277.35. The Indian […]
Stocks to Watch on January 10: TCS, IREDA, Adani Wilmar, Phoenix Mills and more – CNBC TV18
[ad_1] 1 / 14 TCS | India’s largest IT services company reported an 11.95% jump in its December quarter net profit to ₹12,380 crore. The Tata Group company had reported a net profit of ₹11,058 crore in the year-ago period and ₹11,909 crore for the preceding September quarter. The company’s revenue grew 5.6% to ₹63,973 […]
Samvardhana Motherson get upgrade from CLSA after Q2 results despite margin miss – CNBC TV18
[ad_1] Samvardhana Motherson shares fell another 3.5% in early trade on November 13 after the stock ended nearly 5% lower in the previous session following the company’s September quarter results. Even as the auto component maker missed CNBC-TV18 analysts’ poll expectations across parameters, most brokerages remain bullish on the stock. In a post-earnings chat with […]
Sensex Today | Stock Market LIVE Updates: Nifty, Sensex set for muted open, Britannia to react to Q2 results
[ad_1] Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session little changed. Nifty 50 closed at 24,141.30, while Sensex ended at 79,496.15. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 2,136.05 points below its record high of 26,277.35. Overnight, […]
Samvardhana Motherson shares may fall 45% on slowing demand, rising inventory – CNBC TV18
[ad_1] Shares of auto components manufacturer Samvardhana Motherson International Ltd. declined as much as 2% during Friday’s trading session after brokerage firms Investec and Citi maintained their bearish outlook on the stock, citing weakness in global auto demand and rising inventory levels. Investec has downgraded Samvardhana Motherson to ‘Hold’, with a price target of ₹195 […]
Sohum Asset Managers’ CIO on how to approach the market now and top sectoral bets – CNBC TV18
[ad_1] Sanjay Parekh, Founder & CIO of Sohum Asset Managers, which manages over ₹30 crore, says it’s best to approach the market selectively, keeping valuations as the key filter for stock picking. He sees pockets of froth in midcap and smallcap spaces particularly in some themes like defence and railways. “That is where we are […]