Motherson Sumi – Call Closure

India Infoline News Service | Mumbai |

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

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.

BSE 376.10 3.90 (1.05%)
NSE 375.90 3.55 (0.95%)

***Note: This is a NSE Chart

 

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