Add Motherson Sumi Wiring, target price Rs 59: HDFC Securities Jobbery Stock Market update

HDFC Securities maintains an add call on Motherson Sumi Wiring India with a target price of Rs 59. Despite a slight decline in Q3FY25 EBITDA margin to 10.3%, future prospects look promising with three new greenfield projects. Revenue growth and improved operating leverage are expected as these plants ramp up, benefiting from the trend towards feature-rich vehicles.