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    Motherson Sumi shares up 0.51% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 273.0 and low of Rs 90.05.

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    tate-owned Canara Bank invited bids to sell 30 per cent stake in its housing finance subsidiary.
    Shares of Systems Ltd. rose 0.51 per cent to Rs 246.4 in Tuesday's trade. It hit an intraday high of Rs 248.45 and low of Rs 245.5, respectively, during the day.

    The stock quoted a 52-week high price of Rs 273.0 and low of Rs 90.05.

    As of 11:48AM (IST), the counter saw total traded volume of 720,263 shares with a traded value of Rs 17.78 crore, according to NSE.

    Did you Know?

    Stock score of Motherson Sumi Systems Ltd moved down by 1 in a week.

    View Latest Stock Report »

    The stock had closed at Rs 245.15 in the previous session.

    The scrip has advanced 7.83 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.37 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 75.05 while price-to-book ratio stood at 1.71. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Auto Ancl - Electrical industry.

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

    Key Financials
    The company reported consolidated sales of Rs 17033.46 crore for the quarter ended 31-Mar-2021, down 0.72 per cent from the previous quarter's Rs 17157.63 crore and down 12.25 per cent from the year-ago quarter's Rs 15174.18 crore. Its net profit for the latest quarter stood at Rs 713.62 crore, up 289.15 per cent from the same quarter a year ago.
    (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.)

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