• Shares of Motherson Sumi Wiring India down 2.2% at 38.4 rupees

• Wiring harnesses manufacturer posts modest 1.2% rise in Q4 profit to 1.67 billion rupees ($17.62 million); firm's margins pressured by higher copper prices through the quarter

• Nomura ("Buy"; reduces PT to 50 rupees) notes that while co has capitalised on strong volume growth, margins have struggled due to delayed pass-through of copper costs and longer-than-expected margin recovery in greenfield plants

• Copper-related margin pressure to ease going forward as copper costs have now stabilized

• Believes greenfield plants should achieve improved profitability in the second half of FY27

• Stock rated as "Buy" on average by 10 analysts; median PT at 50.71 rupees

• YTD, stock 21.6%

($1 = 94.7800 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)