Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd (SAMIL) via its wholly-owned subsidiary MSSL Consolidated Inc will subscribe up to 36,39,010 Class A ordinary shares of REE Automotive Ltd. At a … Read more
Domestic markets staged a robust recovery on Friday, gaining nearly 1.5%, driven by positive global cues. In today’s trade, shares of Hindustan Zinc, Samvardhana Motherson, Mphasis, Uno Minda, Polyplex Corp among others will be in focus due to various news developments. Hindustan Zinc Metal major Vedanta Limited on Friday said that it will exercise the … Read more
Auto parts maker Samvardhana Motherson International has raised $350 million by selling five-year bonds to overseas investors. The issue was priced late Wednesday. The bonds were sold by a subsidiary, SMRC Automotive Holdings Netherlands, and are priced at 140 basis points above the five-year US treasury, currently trading at about 4.30%. After taking into account … Read more
Brokerages increased target prices up to Rs 180 for the auto components maker Samvardhana Motherson International as the company posted a two-fold jump in its net profit to Rs 1,444 crore for Q4FY24. The company’s total revenue from operations also rose to Rs 27,058 crore for the period under review as compared to Rs 22,517 … Read more
May 10, 2024, 11:07:47 AM IST 1/8 Fall in promoter pledge Promoters refer to founders or controlling shareholders of the company. Companies with high promoter holding stocks are considered to be safer to invest in, compared to those with relatively lower stakes. Here’s a list of 7 midcap companies from the Nifty200 index that saw … Read more
Benchmark indices settled at fresh record high levels in a volatile trade on Wednesday. The 30-share Sensex jumped 408 points to settle at a new record high of 74,085 and the broader Nifty climbed 117 points to close at a lifetime high of 22,474. Stocks that were in focus included names like JM Financial, which … Read more
Samvardhana Motherson Ltd, part of the auto component space, has almost doubled from its 52-week low recorded in March 2023 which helped the stock to reclaim its 200-weekly EMA on the weekly charts. Short-term traders can look to buy the stock now for a target of Rs 132 in the next 3-4 weeks, suggest experts. … Read more
It was a negative start to the week for the Indian markets as Nifty formed a strong bearish engulfing candlestick on the daily charts. This correction is on the expected lines as Nifty was at significantly higher levels than its 50-day mean price. In addition, the uncertainty around the corporate earrings may also play a … Read more
