Research brokerage firms are upbeat on the stock post analyst meet, and see up to 15 per cent rally in the stock price. From March low of Rs 48.50, Motherson Sumi Systems share price has zoomed 202 per cent.
Motherson Sumi Systems share price tanked over 8 per cent to Rs 110.90 apiece on BSE in intraday deals even as most of the research and brokerage firms have a 'buy' rating with a potential upside of up to 27 per cent to the s
Motherson is a key supplier to Volkswagen in Europe and sales to VW Group accounted 44 per cent of Motherson's consolidated revenue in 2014-15. However, VW alone constitutes 12 per cent of Motherson Sumi sales.