Nomura sees a very strong play for Indian autos from the global place. The firm expects a very strong recovery in global demand over FY21 and FY22.
The brokerage firm has upgraded Motherson Sumi to a buy with a target price to Rs 301. Bharat Forge, Apollo Tyres and Bajaj Auto are also very important players in the auto space.
Nomura has a target price of Rs 924 on Bharat Forge, Rs 302 on Apollo Tyres and Rs 4,847 on Bajaj Auto.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
To watch other videos in this series, click on the Standout Brokerage Report tab below.
(Edited by : Dipika)
First Published: Jun 29, 2021 10:17 AM IST
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