🚗 Motherson Sumi – Short Term & Fundamental View

shares are gaining momentum, closing near ₹98.5 (+4.2%), supported by strong volume action and improving fundamentals. The stock is trading close to a breakout zone, with both technicals and derivatives pointing to near-term strength. 🔹 Fundamental Drivers Global Auto Recovery: Revival in demand across US, EU & Asia supports order flows. Diversified Portfolio: Presence in wiring harnesses, mirrors, plastics, electronics & EV components. EV Push: Increasing exposure to electric vehicle components, aligning with global transition. M&A & Expansion: Active in global acquisitions, helping scale capabilities and client base. Financials: Recent quarters showed revenue growth led by Europe & India operations, improving margins on better cost control. Long-Term Story: Beneficiary of rising outsourcing from global OEMs, localization push, and EV adoption. 🔹 Technical View Stock rallied from ₹42 (Aug low) to ₹98.5, showing strong momentum. Immediate resistance at ₹100–102.5 (heavy Call OI, psychological mark). Support placed at ₹92–95 zone; deeper support near ₹87.5. RSI ~76 → approaching overbought, but still trending strong. Price action shows a higher highs, higher lows structure – clear bullish bias. 🔹 Derivatives Setup PCR at 0.59 → indicates higher call writing vs puts, resistance at ₹100–105. Put OI buildup at ₹95 & ₹100 → strong support zones. Call OI heavy at ₹100, ₹105 & ₹110 → near-term hurdles. 🎯 Outlook Short-Term: Expect consolidation near ₹100, breakout above ₹102.5 may push towards ₹107–110. Medium-Term: Sustaining above ₹95 keeps momentum alive for ₹115+. ✅ Summary Motherson Sumi is riding on strong auto demand & EV exposure. While near-term resistance lies around ₹100–105, dips toward ₹92–95 can be accumulated for a medium-term view. Breakout above ₹102.5 opens room for further upside.