Share price of Motherson Sumi rises as Nifty strengthens

Shares of Systems Ltd. gained 1.75 per cent to Rs 240.8 in Wednesday's trade as of 10:36AM (IST).

The stock hit a high price of Rs 242.7 and low of Rs 237.55 during the session.

The return on equity (ROE) for the stock stood at 8.27 per cent. Traded volume on the counter stood at 10:36AM shares and turnover at Rs 4.86 crore around that time.

The stock of Motherson Sumi Systems Ltd. quoted a 52-week high and 52-week low prices of Rs 273.0 and Rs 95.3, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.59.

Promotor/FII Holding
Promoters held 61.73 per cent stake in the company as of 30-Jun-2021, while overseas investors held 16.86 per cent and domestic institutional investors had 13.01 per cent.

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 previous quarter's Rs 17157.63 crore and down 12.25 per cent from the year-ago quarter's Rs 15174.18 crore.

Net profit after tax for the latest quarter stood at Rs 713.62 crore, up 289.15 per cent from the same quarter a year ago.