Motherson Sumi share price: Multifold growth planned under Vision 2025, but execution will be key | Nomura and Morgan Stanley
Motherson Sumi share price: Nomura Maintains Buy Rating and target price of Rs 162 on Motherson Sumi (16% implied upside from current market price). Morgan Stanley maintains an overweight rating on Motherson Sumi with a price target of Rs 144. Motherson Sumi Systems held a investors meet on 20-21 November, where it made a detailed presentation of its ‘Vision 2025’, with a group revenue target of USD 36 bn (FY20: USD 10 bn) and an ROCE target of 40%. Of the USD 36 bn target, Motherson expects 75% to come from the auto industry through business expansion, technology improvements and new product introductions, and the remaining 25% to come from the non-auto industry areas like Medical, Aerospace, Logistics and IT.
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