• SENSEX
    NIFTY 50
VIDEOS
Market

What’s afoot: Fitch revises outlook on Motherson Sumi to stable

Updated : December 17, 2020 10:34:46 IST

Fitch Ratings has revised their outlook on Motherson Sumi to stable from negative. According to Fitch, there is a stronger profitability relative to what they were expecting earlier.

Effective execution of cost cutting, turnaround of new plants after large losses in FY20, stronger H1 to support the higher than expected FY21 profitability are also some of the reasons for the revision in outlook.

In the special segment ‘What’s Afoot’, CNBC-TV18’s Sonia Shenoy gets more details.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement