New Delhi, Sept. 11 -- Samvardhana Motherson share price has surged 63% over the last year, demonstrating strong outperformance against the equity benchmark Sensex, which is down 8%, and the BSE Auto index, which is up just 1% for the same period. Still, brokerage firm Emkay Global Financial Services believes the stock can rise further from the current level. Emaky has not only retained its buy recommendation on the stock but also raised the target price.

Emkay Global has retained its FY26-29E revenue, EBITDA, and EPS CAGR of nearly 15%, 20%, and 28%, respectively, for Samvardhana Motherson International, while maintaining a 'buy' call and raising a target price to Rs.190 from Rs.180, earlier, at 23 times September 2028E PER (price-to-ea...