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Motherson Sumi – Call Closure

The stock has touched a high of Rs188.9 in today's trading session registering 20% return from our recommended price of Rs156.

January 01, 1970 5:30 IST | India Infoline News Service
Reco price Rs156, Call Closure Price Rs187

We had intiated a BUY call on Motherson Sumi in our report “India Strategy- A time for midcaps” released on October 25, 2012, with a target price of Rs181. We further extended the target to Rs187 in our detailed report on the stock “Motherson Sumi – Integrating Diversity” on November 20, 2012. The stock has touched a high of Rs188.9 in today's trading session registering 20% return from our recommended price of Rs156. While we continue to remain positive on the company, we recommend investors to book profit at current levels.

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