niftify.in

Mint

Stocks to buy today: Analysts expect up to 40% upside on CG Power, Samvardhana Motherson shares. Here’s why

Stocks to buy: Samvardhana Motherson International Ltd displays strong bullish signals, with a target price of ₹300, suggesting a 40% upside. CG Power is also recommended to buy, with a target of ₹950, indicating a promising outlook based on growth factors.

Business Standard

Auto component maker Samvardhana Motherson raises Rs 6,438 crore via QIP

Auto components maker Samvardhana Motherson International on Monday said it has raised Rs 6,438 crore via issue of securities. The QIP issue garnered strong interest from both domestic and foreign institutional investors, leading to substantial demand over the issue size, it said in a regulatory filing. Over 95 per cent of allocations were made to marquee long-only investors such as mutual funds, insurance and pension funds, foreign institutional investor, it added. The proceeds from the issuance will be mainly directed towards debt repayment, thereby further strengthening company's balance sheet and enhancing its position to capitalise on various growth opportunities, it stated. Some of the proceeds will be used towards general corporate purposes, the company said. Shares of the company on Monday ended 2.19 per cent up at Rs 207.25 apiece on BSE.

CNBC TV18

Analysts see upside in Nestle, ABFRL, Samvardhana Motherson, ICICI Bank and MCX

On Thursday, market tech analysts Mitessh Thakkar and F&O analyst Chandan Taparia recommended these stocks for the short term.

Business Standard

Samvardhana Motherson share price surges 7% on QIP update; check details

The aggregate face value of the CCD are proposed to be converted into equity shares at a discount of 13.83 per cent

Business Standard

HEG Ltd leads gainers in 'A' group

Vakrangee Ltd, Graphite India Ltd, Alkyl Amines Chemicals Ltd and Samvardhana Motherson International Ltd are among the other gainers in the BSE's 'A' group today, 18 September 2024.

Mint

Samvardhana Motherson share price traded volatile: Sets QIP floor price at a 2.5% discount to previous day closing price

Stock Market Today: Samvardhana Motherson share price fell up to 2-3% in intraday trades on Tuesday. Though the share prices also marked a recovery, however has been witnessing a volatile session. Company has set QIP floor price at around 2.5% discount to previous days close

The Economic Times

Deven Choksey on why long-term investors should eye Motherson Sumi

​The southern-based companies grow at a slower rate, between 15% to 20%, but that’s still a healthy growth rate. What's important is how these companies reinvest their free cash flow into building future capacities and sustaining their growth.

CNBC TV18

Samvardhana Motherson launches QIP to raise funds — CNBC-TV18 newsbreak confirmed

As of the quarter that ended in June, Samvardhana Motherson's Gross Debt stood at ₹20,114 crore, while net debt stood at ₹13,370 crore.

Business Standard

Samvardhana Motherson International Ltd soars 1.08%, rises for third straight session

Samvardhana Motherson International Ltd is quoting at Rs 192.54, up 1.08% on the day as on 12:49 IST on the NSE. The stock is up 93.99% in last one year as compared to a 26.02% gain in NIFTY and a 56.07% gain in the Nifty Auto index.

The Economic Times

Samvardhana Motherson Intl to acquire 11% stake in Israel's REE Automotive for $15 mn

Samvardhana Motherson International Ltd will acquire an 11 per cent stake in Israel's REE Automotive Ltd for up to USD 15 million. The acquisition involves subscribing to over 3.6 million Class A ordinary shares. Both companies will collaborate on manufacturing and integrating REE's innovative 'REEcorner' technology for commercial electric vehicles.

Business Line

Motherson expands logistics footprint with new Japanese joint venture

The new venture aims to provide comprehensive logistics services in Japan, including third-party logistics, warehousing, packaging, and import/export solutions

CNBC TV18

The Marketbuzz Podcast: Market-moving week begins for Sensex, Nifty; Gold at record high

Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like Bajaj Housing Finance listing, Adani Green Energy and Samvardhana Motherson.

CNBC TV18

Samvardhana Motherson to invest $15 million for 11% stake in REE Automotive

Shares of US-listed REE Automotive fell 15% in regular trading on Friday to $2.96, but surged 6.2% in extended trading. The stock has declined 40% so far in 2024.

CNBC TV18

Most Bonus Shares: Samvardhana Motherson, Bajaj Holdings, among Nifty 500 stocks on the list

From Samvardhana Motherson to Abbott India and Colgate-Palmolive, these Nifty 500 stocks have generously rewarded shareholders with bonus shares on multiple instances.

CNBC TV18

Samvardhana Motherson shares may fall 45% on slowing demand, rising inventory

Samvardhana Motherson shares are up 85% year-to-date (compared to Nifty's 15%), partly due to optimism surrounding the company's entry into the consumer electronics business.

The Economic Times

Bajaj Finserv, Samvardhana Motherson among 5 stocks on which brokerages initiated coverage

Brokerages recently began coverage on five stocks, including Bajaj Finserv, KIMS, and Samvardhana Motherson, with varying buy and sell ratings.

Business Standard

Auto parts maker Motherson to launch $715 mn share sale to tap stock mkt

With a market capitalisation of about $15 billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki and Mercedes-Benz

Business Line

Samvardhana Motherson to launch $715 million share sale

The fund-raising initiative through a Qualified Institutional Placement is aimed at debt repayment, expansion, and capital expenditure.

CNBC TV18

Samvardhana Motherson working towards a $1 billion QIP: Exclusive

As of the quarter that ended in June, Samvardhana Motherson's Gross Debt stood at ₹20,114 crore, while net debt stood at ₹13,370 crore

The Economic Times

F&O stocks to buy today: IOC, Bharti Airtel among top 9 trading ideas for August 26, 2024

Analysts predicted a higher opening for the Indian market on Monday due to positive global cues. The Nifty futures ended with a 0.06% gain at 24,854. The options data pointed to a trading range between 24,600 to 25,000 levels. Among the recommended stocks were Samvardhana Motherson, Indian Oil, and Bharti Airtel.

Business Standard

Samvardhana Motherson International announces acquisition of 34% stake in Motherson Auto Solutions

Upon the aforesaid acquisition of 34% stake, MASL has become an indirect wholly owned subsidiary of the Company.

Business Standard

Samvardhana Motherson arm incorporates WOS in Abu Dhabi

SMRC Automotive Holdings Netherlands B.V., a wholly owned subsidiary of Samvardhana Motherson International, has incorporated a wholly owned subsidiary (WOS), namely, Motherson International, Abu Dhabi.

Business Standard

Diversified presence, order book to sustain gains for Samvardhana Motherson

While the performance was steady and in line with expectations, most of the revenue growth for the quarter came from acquisitions

Mint

Samvardhana Motherson International Q1 Results Live: Profit Rise by 65.46% YoY

Samvardhana Motherson International Q1 Results Live: Revenue increased by 28.52% YoY & profit increased by 65.46% YoY

Business Standard

Samvardhana Motherson Q1 results: Net profit rises 69.3% to Rs 1,097 cr

Auto components major Samvardhana Motherson International Ltd on Tuesday reported a 69.3 per cent jump in consolidated net profit at Rs 1,097.18 crore in the first quarter ended June 30, 2024, driven by strong revenue growth. The company had posted a profit of Rs 648.12 crore in the same quarter last fiscal, Samvardhana Motherson International Ltd (SAMIL) said in a regulatory filing. Total revenue from operations in the quarter under review stood at Rs 28,867.96 crore as compared to Rs 22,462.18 crore in the year-ago period, it added. Total expenses in the first quarter were higher at Rs 27,601.7 crore as compared to Rs 21,629.09 crore in the same period a year ago, the company said. "The company has delivered robust quarterly performance despite flat industry volumes," Motherson Chairman Vivek Chaand Sehgal said. He further said all announced acquisitions have been successfully integrated and have started to contribute positively and their full potential will be realised in the .

The Economic Times

Samvardhana Motherson raises $350 million via bonds

The bonds were sold by a subsidiary, SMRC Automotive Holdings Netherlands, and are priced at 140 basis points above the five-year US treasury, currently trading at about 4.30%. After taking into account the costs, the bond was priced at a yield of 5.72%.

The Economic Times

Maruti Suzuki among 5 auto stock picks from Motilal Oswal

Motilal Oswal predicts subdued growth for the Indian auto sector in June, with declining retails across most segments due to factors like post-election consumer sentiment and heatwave impact. However, they remain optimistic about select OEMs like Maruti Suzuki and Ashok Leyland, and ancillary companies like Craftsman Automation, Happy Forgings, and Samvardhana Motherson International, advocating for micro-strategies to navigate the sector's challenges.

Business Line

F&O Query: Should you sell Motherson futures?

The stock should breach the support at ₹175 for the trend to turn bearish