Motherson Samvardhan has posted some amazing Q1 FY27 results similar to other Auto ancillary companies.
With the growing demand of EVs and commercial vehicles, we can see some sustainable high growth in these ancillary companies.
Stock is already in a strong uptrend and has broken a weekly trendline resistance. It is available at its 10 year average PE which is around 40.
If this stock manages to sustain above 135 for 1-2 months, we will see a strong rally which can take the stock to near 300 level soon.
I had covered this stock pre-split and even then I had told to not miss to keep this stock in watchlist.
With the growing demand of EVs and commercial vehicles, we can see some sustainable high growth in these ancillary companies.
Stock is already in a strong uptrend and has broken a weekly trendline resistance. It is available at its 10 year average PE which is around 40.
If this stock manages to sustain above 135 for 1-2 months, we will see a strong rally which can take the stock to near 300 level soon.
I had covered this stock pre-split and even then I had told to not miss to keep this stock in watchlist.
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