Motherson Sumi Systems may rise 20-25%: Mehraboon Irani

Aug 22, 2013, 06.01 PM IST

Mehraboon Irani, Principal and Head- Pvt Client Group Business of Nirmal Bang Securities is of the view that Motherson Sumi Systems will rise atleast 20-25 percent from current level.

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Mehraboon Irani, Principal and Head- Pvt Client Group Business of Nirmal Bang Securities is of the view that Motherson Sumi Systems will rise atleast 20-25 percent from current level.

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Motherson Sumi Systems may rise 20-25%: Mehraboon Irani

Mehraboon Irani, Principal and Head- Pvt Client Group Business of Nirmal Bang Securities is of the view that Motherson Sumi Systems will rise atleast 20-25 percent from current level.

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Mehraboon Irani, Principal and Head- Pvt Client Group Business of Nirmal Bang Securities told CNBC-TV18, "There are wonderful names in the midcap basket. I would like to go and buy into them at this moment itself, but the fact is quite a few of them have performed remarkably well and like what happens in the frontline stocks it is distinctly possible this type of news may also falter and correct a little bit."

"We are quite confident on Motherson Sumi Systems that it will be at least 20-25 percent higher from the level at which it is. However, the last few days the stock has faltered from Rs 230 to the present Rs 200. It had no reasons for it to falter; the only thing is the outperformance of the stock," he said.

Irani further said, "Something like a Lovable Lingerie or VST Tillers Tractors which has come up with wonderful numbers - there are wonderful midcap names which one can possibly go and buy into, but the fact is how many of us are remaining patient right now to enjoy the benefits of the share prices going up over the longer term. The fact is people are seeing so much of blood it is no easy that these type of stocks are also going to perform."

Harmonis Hubungan