Motherson Sumi Wiring manages to maintain profit stability, albeit a minor 2-2.5% EBITDA hit due to rising copper prices. Their customer-friendly policy of passing through costs helps them navigate these price fluctuations effectively.
Motherson Sumi Wiring India Limited
MSUMIPrice History
Recent Discussions
HDFC Securities recommends buying Maruti Suzuki and Phoenix Mills, while maintaining a hold on Motherson Sumi Wiring India due to ongoing supply chain challenges. The Q4 results of these companies show mixed to positive trends.
Motherson Sumi Wiring India reported a significant 33% increase in Q4 revenue compared to the previous year, reaching INR 3,335 crore. This jump contributed to an overall annual growth of 23%, with the electric vehicle segment accounting for approximately 8.6% of the Q4 revenue.
Anand Rathi suggests purchasing Network18, Motherson Sumi Wiring, and Suzlon Energy, with shares priced under ₹100 according to Mehul Kothari. The Nifty 50 has shown a robust recovery, breaching resistance at 23,100-23,400 levels. Potential pullback may present an attractive buying opportunity.