Samvardhana Motherson Shares Drop 4% on BMW Group’s Expected Earnings Decline in 2024 – Equitypandit
September 11, 2024September 11, 2024 Shares of Samvardhana Motherson International Ltd. plummeted by 4% after reaching a day’s high of Rs 188.10 on 11th September, following a downward revision of BMW Group’s 2024 guidance. BMW contributes about 5% to Samvardhana’s revenue, leading to a negative market reaction. BMW Group’s…