Techno Funda Picks – Auto Ancillary – Changing Gears To Structural Recovery: ICICI Direct

ICICI Direct Report: In this report, we have focused on the auto ancillary pack, where most quality stocks have undergone significant price/time correction and yet many of them are available at favourable risk-reward profile.

Our technical model, studying three major bear markets (classic empirical evidences) of 1992, 2000, 2008 has produced interesting revelations.

Shares of good companies post significant (minimum 50%) correction from their all-time highs, generate significant returns for investors in subsequent bull market cycle.

We have selected companies that fit into this criteria and offer a favourable risk reward setup.

Motherson Sumi Q4 Review – Healthy Profitability Sustains, Electric Vehicle Order Book Exciting: ICICI Direct

Motherson Sumi Systems Ltd. reported a healthy operational performance in Q4 FY21.

The key highlight was sustained profitability at its overseas operations: Samvardhana Motherson Reflectec (Ebitda margins at 12.9%) and Samvardhana Motherson Peguform (Ebitda margins at 8.7%).

Consolidated revenues (including domestic wiring harness) in Q4 FY21 were at Rs 18,482 crore, up 22% YoY.

Ebitda on a consolidated basis were at Rs 1,959 crore with Ebitda margins at 10.6%, down 20 basis points QoQ.

Consolidated profit after tax for Q4 FY21 was at Rs 714 crore versus Rs 183 crore in Q4 FY20.

हमारी फ्री सर्विस और लोगो की paid सर्विस से कई गुना अच्छी है।
आपको हर दिन दिए जाएंगे 3 से 5 कॉल बिलकुल फ्री
हर CALL में PROFIT दिये जायेंगे
तो जल्दी से CHANNEL को JOIN कर लो

सोशल मीडियाअपडेट्स के लिए हमें Facebook ( ) और Twitter ( ) पर फॉलो करें।

Techno Funda Picks – Auto Ancillary – Changing Gears To Structural Recovery: ICICI Direct via @goldsilverrepor
  • Save

Leave a Comment

Share via
Copy link