Motherson Sumi shares up 1.23% as Nifty gains

Motherson Sumi shares up 1.23% as Nifty gains
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 225,225 shares changed hands on the counter till 12:35PM (IST).

ETMarkets.com

INSIGHTS

Read Stock Insights by ET for a quick analysis

Explore Now
NEW DELHI: Shares of Systems Ltd. traded 1.23 per cent up in Monday's trade at 12:35PM (IST). Around 225,225 shares changed hands on the counter.

The counter opened at Rs 238.0 and touched an intraday high and low of Rs 238.5 and Rs 235.2, respectively, in the session so far. The stock of Motherson Sumi Systems Ltd. quoted a 52-week high of Rs 248.45 and a 52-week low of Rs 86.6.

Total market cap of the Motherson Sumi Systems Ltd. stood at Rs 75111.47 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, DIIs held 10.11 per cent stake in the firm, while foreign institutional investors held 16.64 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 147.6 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.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on Motherson Sumi Systems Ltd.. Explore Now