Samvardhana Motherson: 4 reasons it is this week’s stock pick
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Automotive component manufacturing company Samvardhana Motherson reported the highest-ever quarterly revenue of Rs.18,261 crore in the second quarter of 2022-23, which grew 30% y-o-y. This was supported by a recovery in volumes from North America and Chinese markets, and product premiumisation. Also, the partial benefit of cost pass-through and operating leverage supported EBITDA, which grew 48.7% y-o-y. The company has a global footprint with