Samvardhana Motherson Q4 Results: Stock rises 3% on Earnings beat, optimistic outlook
Shares of Samvardhana Motherson International Ltd. gained as much as 3% on Wednesday, May 20, in response to its fourth quarter results that were higher than street expectations and on some positive management commentary. The automotive component manufacturer reported a consolidated net profit of ₹1,497 crore, comfortably outpacing the CNBC-TV18 poll estimate of ₹1,303 crore….
