‘U-shaped’ recovery likely post coronavirus impact; these 8 stocks could take a hit The flu-like ailment adds to worries over the growth of the interconnected global economy as a slowdown in China will have ripple effects across the globe.
Coronavirus outbreak: No shutdowns by Indian auto suppliers yet Motherson Sumi and Bharat Forge have cautioned that if production does not restart in China in the coming days there will be a direct impact on their operations
Accumulate Motherson Sumi Systems; target of Rs 153: Prabhudas Lilladher Prabhudas Lilladher recommended accumulate rating on Motherson Sumi Systems with a target price of Rs 153 in its research report dated February 10, 2020.
Motherson Sumi Q3 profit falls 38%; key highlights of analyst concall Demand may improve from April 1, 2020 once the transition from BS IV to BS VI is complete. The management stated that the second hand car demand has reached its peak which suggests the demand will improve for new cars in domestic market
Motherson Sumi Q3 disappoints, but SMP margin continues to improve: What should investors do? Morgan Stanley has maintained overweight rating, but cut price target Rs 149 (from Rs 157 earlier), saying Motherson should see strong earnings growth driven by BS-VI transition
Trade Setup for Monday: Top 15 things to know before Opening Bell Experts feel that there could be a possibility of further downside if Nifty50 trades below 12,160 levels in the coming week as well. The near term outlook is tilted towards bears as MACD gave a bearish crossover or triggered a sell signal on charts.
No fireworks for auto sector in Budget; Escorts, Ashok Leyland among top brokerage picks The Budget announced an increase in basic customs duty on CBU, SKD units of electric motor vehicles from commercial, passenger, three-wheelers and two-wheelers segment which is a negative for EV importing OEMs.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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