Motherson Sumi Wiring Shares Surge 12% on 47% Q2 Revenue Growth
Motherson Sumi Wiring India shares rose 12% after the company reported 47% Q2 revenue growth. Nomura retained its Buy rating and revised its target price to Rs 49.
Nomura has maintained its 'Buy' rating on Motherson Sumi Wiring India (MSUMI) with a revised target price of Rs 49, saying healthy revenue growth momentum is likely to sustain, supported by strong vehicle production, premiumisation and a rising electric vehicle (EV) mix.The company's stocks were tr…