The stock of auto components major Motherson Sumi shed 7.3 per cent in the last week on weak June quarter performance. The company’s operating and net profit came in 5-11 per cent below expectations.
The lower-than-expected operational performance was due to the delay in passing on commodity inflation to customers, low utilisation and start-up costs at its plants.
On the revenue front — adjusted for change in accounting standards — the same was up 24 per cent and beat analyst estimates.
For the stock to see significant upsides, the key trigger wo.....