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Jefferies raises target price on Samvardhan Motherson to Rs 135; Read to know more - Market News

Jefferies raises target price on Samvardhan Motherson to Rs 135; Read to know more - Market News
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Motherson Sumi Wiring India posts Rs 168 crore profit

Motherson Sumi Wiring India posts Rs 168 crore profit
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Sumitomo may exit Samvardhana Motherson, hires banker for Rs 10,000-cr deal

If the block deal fructifies in this quarter, then it will come exactly one year after Sumitomo's part stake sale in March 2023. At the time, Sumitomo had offloaded 3.4 percent stake in Samvardhana Motherson at Rs 70.1 apiece

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Automotive Wiring Harness Market To Envision A Market Valuation Of US$ 86.46 Billion By 2031, With A CAGR Of 7.32 %

Automotive Wiring Harness Market To Envision A Market Valuation Of US$ 86.46 Billion By 2031, With A CAGR Of 7.32 %
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Motherson Sumi Wiring India Limited: Motherson Sumi Q1 FY24 PAT at INR 123 cr, ET Auto

Motherson Sumi Wiring India Limited: The company had revenue of INR 1,859 crore for Q1FY24. Its EBITDA was INR 207 crore for Q1 and the EBITDA Margin was 11.1%, the company said.

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Richest Indian In Australia: How 'Presence Of Mind' Changed Fortunes Of A Billionaire - Company Founded With Late Mother Is Now Worth Rs 86,000 Crore

Richest Indian: Prior to leaving the day-to-day administration of the company in 1995, Vivek Chaand Sehgal held the post of managing director. He has served as the group's chairman ever since. Laksh Vaaman Sehgal, his son, serves as a director on the boards of Motherson Sumi Wiring India and Samvardhana Motherson International.

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bond: Samvardhana plans overseas bond sales to raise over $500 million

The company roped in HSBC to reach out to investors in a non-deal roadshow earlier this week and it may consider issuing overseas bonds in the second half of the financial year, two sources said.

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Jefferies upgrades Samvardhana Motherson; brokerages see up to 30% upside potential

Shares of SAMIL rose more than 4 per cent to Rs 97.03 on Thursday, hitting its new 52-week highs, commanding a total market capitalization close to Rs 65,000 crore.


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