Motilal Oswal prefers 4-wheelers over 2-wheelers & commercial vehicles due to strong volume growth & stable competitive environment.
Motherson Sumi Systems
Brokerage - Motilal Oswal | Rating - Buy | Target - Rs 458
Motilal Oswal has initiated coverage with a Buy rating on Motherson Sumi Systems and set a target price at Rs 458 per share, citing strong organic growth opportunities for the company in international & domestic market.
The company is set to leverage on disruptive global auto industry trends and has evolved as a partner of choice for almost all original equipment manufacturers in the world," Motilal Oswal said.
Autos
Motilal Oswal said 2-wheeler demand remained mixed as the momentum gained from the wedding season in the northern belt is partially negated by muted sales in Rajasthan, Gujarat and Maharashtra. Hero MotoCorp witnessed strong demand for motorcycles during the recently concluded wedding season in north.
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