After 3 years, the shares of this company raised suddenly in this month. That too abnormal.
Please think twice before invest as per the technical analysis. Whereas when i look into the fundamental analysis, you may invest in this stock.
But i suggest be careful!
As per Valuation from financial express: Raise target price to Rs252, based on 22x FY23F EPS. The stock trades at ~17.2x FY23F EPS of Rs 11.5. We raise our target P/E from 20x to 22x on Mar-23F, which is the mid of the expected trading band of 20-25x to factor in MSS’s ability to grow ahead of the industry, to arrive at our higher TP of Rs 252. Acquisitions can give further upside. MSS is our top pick in auto components.
Please think twice before invest as per the technical analysis. Whereas when i look into the fundamental analysis, you may invest in this stock.
But i suggest be careful!
As per Valuation from financial express: Raise target price to Rs252, based on 22x FY23F EPS. The stock trades at ~17.2x FY23F EPS of Rs 11.5. We raise our target P/E from 20x to 22x on Mar-23F, which is the mid of the expected trading band of 20-25x to factor in MSS’s ability to grow ahead of the industry, to arrive at our higher TP of Rs 252. Acquisitions can give further upside. MSS is our top pick in auto components.