Samvardhana stock rises 10%, could gain up to 33% more

Japanese brokerage firm Nomura upgraded the stock by two notches to ‘buy’ and set a target price that has the potential to deliver another 17% returns from the current levels. “Believe this is a good acquisition,” said Nomura in a note to clients. “See high potential of sunroof systems and entry into Japanese customers. Further upside can come from ability to add customers across Japan, US & EU.”

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