Buy or Hold? Samvardhana Motherson hits fresh 52-week high on robust ramp-up in non-auto business

Samvardhana Motherson shares rallied nearly 10% to hit a fresh 52-week high of Rs 169.80 on the NSE. Brokerage houses raised their price targets, citing strong growth in the non-auto segment. "We expect sustained margin improvement with operating leverage," said Nomura. The company also saw gains from its recent acquisitions.