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Samvardhana Motherson's shares dropped despite a 62% jump in net profit, as brokerages cut targets.
Samvardhana Motherson International's shares fell 3.8% to INR 121.35 after brokerage firms cut their target prices following the company's Q3 FY25 results.
Despite the decline, the company reported a 62% increase in net profit to INR 879 crore and an 8% rise in revenue to INR 27,666 crore.
Brokerages cited global automotive challenges and regional slowdowns as reasons for the lowered estimates.
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Las acciones de Samvardhana Motherson cayeron a pesar de un salto del 62% en ganancias netas, mientras las corredurías reducían sus objetivos.