SAMIL is one of Motilal Oswal’s Top Pick for 2023 | ET Now
15Samvardhana Motherson has emerged as one of Motilal Oswal’s Top Pick for 2023. Motilal Oswal has reiterated a ‘Buy’ rating with a Target Price of Rs. 95/share, which implies an upside potential of 37% from the closing price yesterday. The stock has underperformed the Auto Index as the last 2-3 years have been tough but they believe that the worst is behind and operating performance should start recovering on account of improving supply-side issues, wherein the supply chain is gradually regaining its normalcy and stable costs. Demand continues to be strong, resulting in expansion in the order backlogs. With high operating leverage, reasonable financial gearing and no risk of EVs, Samvardhana Motherson is Motilal Oswal’s preferred pick in the auto component industry. To know more details, listen in.
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