55.59
-1.17%
ICICI Securities Limited
Motherson Sumi Wiring India’s (MSWIL) Q1FY24 EBITDAM at 10.4% was down ~80bps QoQ, largely due to annual wage inflation. Gross margin improved 120bps QoQ though it was in line with past 4-quarter mean levels, and had no benefit of any reduction in input commodity costs.
Motherson Sumi Wiring India Ltd. is trading at high day volume of 8.9M.
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