Share price of Motherson Sumi jumps as Sensex gains 23.23 points

Share price of Motherson Sumi jumps as Sensex gains 23.23 points
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Synopsis

Promoters held 33.96 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 16.64 per cent and 10.11 per cent, respectively.

PTI
Sensex slipped 73 points, or 0.2 per cent, while Nifty added 2 points last week.

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The share price of Systems Ltd. gained 0.59 per cent to Rs 205.75 at 12:51PM (IST) in Tuesday's trade. The scrip has hit a high of Rs 208.8 and low of Rs 205.35 so far during the session. The stock had closed at Rs 204.55 in the previous session.

The counter has had a total traded volume of 258169 shares so far with a value of Rs 5.33 crore on the NSE. It traded at a price-to-earnings multiple of 127.74 and a price-to-book ratio of 1.71.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 143.06 per cent during the past one year, while the 30-share index advanced 73.87 per cent during the same period.

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

Promotor/FII Holding
Promoters held 33.96 per cent stake in the company as of 31-Mar-2021, while overseas investors and domestic institutional investors ownership stood at 16.64 per cent and 10.11 per cent, respectively.

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

Profit for the latest quarter stood at Rs 798.38 crore, up 195.14 per cent from the same quarter a year ago.

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