Anurag Gahlot, CFO of Motherson Sumi Wiring, projects significant market growth for FY25 supported by factors such as Maruti Suzuki and Tata Motors capacity expansions, India s low car penetration, and the growing Indian middle class. Additionally, the expansion of road infrastructure in India presents opportunities for OEMs and customers.
As the market advances, it is advisable to focus on risk management and have a selective approach while looking out for thematic movers amidst the ongoing sectoral rotation, Sameet Chavan said.
In the dynamic world of stock markets, investors often rely on key indicators to guide their investment decisions. The Simple Moving Average (SMA), especially the 50-day SMA, is a crucial tool that provides insights into a stock s short-term performance.
The success of CG Power and Industrial Solutions, IIFL Finance, and other midcap stocks in crossing their 20-day SMA on August 31 underscores their strong market performance and growth prospects.
Motilal Oswal is bullish on Motherson Wiring recommended buy rating on the stock with a target price of Rs 70 in its research report dated August 18, 2023.