Business
Samvardhana Motherson Q2 Profit Surges 42%, Sparking Mixed Brokerage Views
Samvardhana Motherson reported a 42.1% year-on-year rise in Q2 net profit alongside a 26.9% revenue increase. Following the strong results, Jefferies raised its target price citing long-term growth potential through FY29. Conversely, Citi retained a sell rating due to concerns over global vehicle demand and rising debt risks.
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