Motilal Oswal has just lifted SPR Auto Technologies to a Buy rating, setting a ₹6,150 price target that translates to a 37% upside over the current reference price of ₹4,494. The move comes as the research house reassesses the company's position in the growing electric‑vehicle component market.
The bullish stance is reinforced by a bull‑case target of ₹8,085, which would imply an almost 80% upside, according to the analysts. That higher ceiling reflects expectations of continued revenue acceleration and margin expansion.
While the report stops short of disclosing specific margin figures, it cites the company's faster revenue growth and higher gross margins as key drivers behind the optimistic forecast. Investors will be watching how these trends play out in the next earnings cycle.
This SPR upgrade arrives amid a wave of fresh coverage across sectors, with brokerages issuing calls on Groww, Sagility, Meesho and the newly listed NSE. The breadth of activity highlights a broader market sentiment that favors companies positioned to benefit from India’s infrastructure and technology push.
Analysts advise keeping an eye on SPR’s upcoming Q3 results, scheduled for release in early September, to gauge whether the projected growth trajectory holds. Market participants may also weigh the company’s valuation relative to the sector’s average upside target, which sits roughly in the mid‑20% range.