The shares of Samvardhana Motherson International Ltd rose as much as 6.33% to Rs 108.40 apiece, the highest level since Feb 20, 2022. It was trading 5.54% higher at Rs 107.60 apiece, as of 12:43 p.m. This compares to a 0.02% advance in the NSE Nifty 50 Index.
It has risen 5.49% on a year-to-date basis. Total traded volume so far in the day stood at 4.3 times its 30-day average. The relative strength index was at 75.08.
Out of 22 analysts tracking the company, 20 maintain a ‘buy’ rating, one recommends a ‘hold,’ and one suggests a ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 4.4%.
