Share price of Motherson Sumi falls as Nifty strengthens

Share price of Motherson Sumi falls as Nifty strengthens
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Synopsis

A total of 477,938 shares changed hands on the counter till 01:54PM (IST).

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Shares of Systems Ltd. slipped 0.6 per cent to Rs 223.35 in Thursday's trade as of 01:54PM (IST).

The stock hit a high price of Rs 225.5 and low of Rs 222.0 during the session.

The return on equity (ROE) for the stock stood at 8.27 per cent. Traded volume on the counter stood at 01:54PM shares and turnover at Rs 10.69 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 139.6, 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-Sep-2021, while FIIs held 16.4 per cent and domestic institutional investors had 13.64 per cent.

Key Financials
The company reported consolidated sales of Rs 14163.53 crore for the quarter ended 30-Sep-2021, down 13.17 per cent from previous quarter's Rs 16312.13 crore and down 5.66 per cent from the year-ago quarter's Rs 15012.49 crore.

Net profit after tax for the latest quarter stood at Rs 216.86 crore, down 35.76 per cent from the same quarter a year ago.

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