It temporarily outpaced Hindustan Unilever's Rs 6.09 trillion valuation before settling lower at Rs 5.9 trillion.
The acquisition aims to expand Motherson's footprint in the interior polymers business, providing enhanced offerings in premium lighting panels and air vents.
Recommendation: Buy; Target Price: Rs 449
ITC will retain about 40% stake, with the remaining 60% held by the new entity's shareholders proportionate to their current shareholding in ITC.
Recommendation: Buy; Target Price: Rs 5150
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.
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.
Company could post strongest performance among peers.
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.
Recommendation: Buy; Target price: Rs 545
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