Expect 40% earnings growth by 2015: Motherson Sumi
Brokerage houses like CLSA has recently turned positive on Motherson Sumi on the expectation of strong performance from its subsidiary Peguform. Vivek Chaand Sehgal, Vice Chairman of the company explains that the acquisition has performed as per expectations, and hence could see 40 per cent earnings growth by 2015. The management also says that debt levels are manageable despite concerns raised by some analysts.
