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    Share price of Motherson Sumi falls as Sensex drops 394.34 points

    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.

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    INSIGHTS

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    The share price of Systems Ltd. dropped 0.3 per cent to Rs 232.25 at 11:55AM (IST) in Wednesday's trade. The stock has hit a high of Rs 236.6 and low of Rs 230.05 so far during the session. The stock had closed at Rs 232.95 in the previous session.

    The counter has had a total traded volume of 217683 shares so far with a value of Rs 5.05 crore on the NSE. It traded at a price-to-earnings multiple of 144.56 and a price-to-book ratio of 1.71.

    A higher price-to-earnings 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 183.06 per cent during the past one year, while the 30-share index advanced 44.64 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 company 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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