Samvardhana Motherson International share price hit a 52-week high on Friday led by strong buying momentum. The stock gained as much as 0.60% to touch a fresh high of ₹116.80 apiece on the BSE.
Samvardhana Motherson shares extended gains for the fourth straight session. The stock has risen more than 7% in four sessions.
On Friday, the stock opened higher at ₹116.50 apiece as against its previous close of ₹116.10. The stock touched a high of ₹116.80 level, and an intraday low of ₹115.65 apiece, falling nearly 1% from its high level.
In early November, Samvardhana Motherson announced a net profit of ₹827 crore for the September quarter, which is 6% lower than the net profit of ₹880 crore reported in the previous year. The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) increased by 6.7% compared to last year, reaching ₹2,611 crore.
Samvardhana Motherson’s revenue rose by 8.5% on a year-on-year basis, totaling ₹30,173 crore. The revenue growth was driven by segments such as wiring harnesses, integrated assemblies, and vision systems.
Key elements to monitor from the management’s commentary will include the industry outlook, efforts to boost the content per vehicle, the increase in utilization in non-automotive sectors, updates on inorganic growth activities, and the effects of tariffs.
“We are constructive on Samvardhana Motherson’s prospects on the back of strong management capability, inorganic initiatives, pending order book and increasing content. We are increasing FY26E–28E EBITDA by up to 9% factoring in higher modules/polymer and emerging division margins and Yutaka acquisition. We are building in revenue/earnings CAGR of 9%/16% over FY25–28E. Retain ‘BUY’ with an SotP-based target price of ₹126,” said Nuvama Institutional Equities in its report.
Opportunity to buy?
According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the stock witnessed strong traction this week, rallying nearly 6% and confirming a consolidation breakout. The momentum suggests scope for further upside in the coming sessions.
“A buy-on-dips approach is advised, with the breakout zone of ₹110–112 now acting as a key support. On the upside, ₹128–135 remains the short-term target range,” said Bhosale.
Further, Rupak De, Senior Technical Analyst, LKP Securities, added that the stock is in uptrend and any dips are likely to bought into. Buy or hold with stop loss of ₹112. Upside target may be ₹123.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
