Motherson Sumi shares up 2.13% as Nifty gains

Motherson Sumi Systems Limited was established in 1986 and is part of the Motherson Group.  While Motherson Sumi Systems Ltd. is a joint venture between Samvardhana Motherson International Ltd of India and Sumitomo Wiring Systems Ltd.

Shares of Motherson Sumi Systems Ltd. rose 2.13 percent to Rs. 220.3 in Tuesday’s trade. While it hit an intraday high of Rs. 221.75 and low of Rs. 217.85, respectively, during the day.

While the stocks quoted a 52-week high price of Rs. 238.2 and low of Rs. 72.4. As of 10:36 AM (IST), the counter saw a total traded volume of 2,92,122 shares with a traded value of Rs. 6.43 crore, according to NSE.

The stock had closed at Rs. 215.7 in the previous session. The scrip has advanced 4.75 percent in the past month to date. While the benchmark BSE Sensex has slipped -0.44 percent during the same period.

As per exchange data, the stock traded at a price-to-earnings (P/E) multiple of 136.89. While the price-to-book ratio stood at 1.71. A higher P/E ratio shows that investors are willing to pay a higher price per rupee earnings given by the stock because of better future growth expectations. While the price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Auto All – Electrical industry.

Promoter/FII Holding;

Promoters held a 33.96 percent stake in the company as of 31-Mar-2021. While FII and MF ownership in the firm stood at 16.64 percent and 10.11 percent, respectively.

Key Financials;

The company reported consolidated sales of Rs. 17157.63 crore for the quarter ended 31st-Dec-2020. While up 14.29 percent from the previous quarter’s Rs. 15,012.49 crore and Up 13.84 percent from the year-ago quarter’s Rs. 15,071.79 crore. Its net profit for the latest quarter stood at Rs. 798.38 crore, up 195.14 percent from the same quarter a year ago.