The global research firm has maintained its ‘buy’ call on the stock for a target of Rs 9,036 per share. The brokerage firm is of the view that chip shortage could cause impact near-term production, adding that August production setback could raise some concerns around the pre-festive stocking, according to a CNBC-TV18 report.
“Sharp Yen appreciation, higher-than-expected sourcing costs are the key concerns. Failure of new launches, input supply volatility and rapid shift towards EVs are concerns too,” it added.
News source:- Moneycontrol