Samvardhana stock rises 10%, could gain up to 33% more
Mumbai: Samvardhana Motherson International’s acquisition of the Japanese Yachiyo Industry, Honda Motors’ four-wheeler business, got more analysts becoming optimistic about the auto ancillary giant, stoking a double-digit jump in the company’s stock price on Wednesday. Japanese brokerage firm Nomura upgraded the stock by two notches to ‘buy’ and set a target price that has the … Read more