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    Motherson Sumi shares down 0.2% as Nifty gains

    Synopsis

    A total of 271,089 shares changed hands on the counter till 01:08PM (IST).

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    NEW DELHI: Shares of Systems Ltd. traded 0.2 per cent down in Thursday's trade at 01:08PM (IST). Around 271,089 shares changed hands on the counter.

    The stock opened at Rs 221.65 and touched an intraday high and low of Rs 224.25 and Rs 218.65, respectively, in the session so far. The stock of Motherson Sumi Systems Ltd. quoted a 52-week high of Rs 238.2 and a 52-week low of Rs 72.4.

    As per BSE, the total market cap of the Motherson Sumi Systems Ltd. stood at Rs 69885.08 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-Mar-2021, domestic institutional investors held 10.11 per cent stake in the company, while foreign institutional investors held 16.64 per cent and the promoters 33.96 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 137.33 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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