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    Motherson Sumi shares down 0.53% as Nifty drops

    Synopsis

    A total of 169,766 shares changed hands on the counter till 12:01PM (IST).

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    Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.

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    NEW DELHI: Shares of Systems Ltd. traded 0.53 per cent down in Friday's trade at 12:01PM (IST). Around 169,766 shares changed hands on the counter.

    The counter opened at Rs 217.1 and touched an intraday high and low of Rs 219.2 and Rs 215.05, respectively, in the session so far. Shares of the company of Motherson Sumi Systems Ltd. quoted a 52-week high of Rs 238.2 and a 52-week low of Rs 57.35.

    Total market cap of the Motherson Sumi Systems Ltd. stood at Rs 68448.22 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 17157.63 crore for the quarter ended 31-Dec-2020, up 14.29 per cent from previous quarter's Rs 15012.49 crore and up 13.84 per cent from the year-ago quarter's Rs 15071.79 crore.

    The net profit for latest quarter stood at Rs 798.38 crore, up 195.14 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Dec-2020, domestic institutional investors held 10.79 per cent stake in the company, while foreign institutional investors held 16.09 per cent and the promoters 61.73 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 134.5 and a price-to-book ratio of 1.71. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Motherson Sumi Systems Ltd. belongs to the Auto Ancl - Electrical industry.
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