Motherson Sumi Systems fell 2.70% to Rs 194.45 at 14:13 IST on BSE on profit booking after the stock jumped 9.48% in the preceding four trading sessions to Rs 199.85 on 6 January 2014 from a recent low of Rs 182.55 on 31 December 2013.
Meanwhile, the BSE Sensex was down 34.47 points, or 0.17%, to 20,752.83.
On BSE, so far 3.37 lakh shares were traded in the counter, compared with an average volume of 57,925 shares in the past one quarter.
The stock hit a high of Rs 201.20 and a low of Rs 192.95 so far during the day. The stock hit a 52-week high of Rs 204.95 on 23 December 2013. The stock hit a 52-week low of Rs 115.77 on 15 April 2013.
The stock had outperformed the market over the past one month till 6 January 2014, rising 6.46% compared with the Sensex's 1% fall. The scrip had also outperformed the market in past one quarter, gaining 24.54% as against Sensex's 4.38% rise.
The large-cap company has an equity capital of Rs 88.19 crore. Face value per share is Re 1.
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Motherson Sumi Systems' consolidated net profit rose 1.49% to Rs 139.63 crore on 24% growth in revenue to Rs 7166 crore in Q2 September 2013 over Q2 September 2012.
Motherson Sumi Systems supplies components, modules and systems to the automotive sector. Its business portfolio encompasses electrical distribution system (EDS), polymer products and complete module solutions. It is the largest supplier of EDS to the Indian automotive industry.
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