The acquisition aims to expand Motherson's footprint in the interior polymers business, providing enhanced offerings in premium lighting panels and air vents.
In the first quarter, operating revenue decreased by 6% to Rs 59,490 crore from Rs 63,430 crore in the corresponding quarter last year.
Recommendation: Buy; Target Price: Rs 449
Recommendation: Buy; Target price: Rs 545
The manufacturer of the S-Presso and Eeco models, which were produced between July 5 and February 15, 2023, revealed that it is recalling 87,599 of those vehicles.
Recommendation: Buy; Target Price: Rs 5150
Recall that in 2019, the company had proposed a proportionate tender offer route buyback of up to 6.10 crore shares from its equity shareholder.
Company could post strongest performance among peers.
Good performance likely on the cards.
The net profit for Q1FY24 reached Rs 313 crore
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