Motherson Sumi Systems rose 1.68% to Rs 336 at 15:07 IST on BSE after the company said that its board will meet on Wednesday, 3 August 2016, to discuss and evaluate various fund raising options, including equity capital.
The announcement was made on Saturday, 30 July 2016.Meanwhile, the S&P BSE Sensex was down 40.77 points, or 0.15%, to 28,011.09.
On BSE, so far 1.7 lakh shares were traded in the counter, compared with an average daily volume of 2.69 lakh shares in the past one quarter. The stock hit a high of Rs 339.20 and a low of Rs 332 so far during the day. The stock had hit record high of Rs 395.85 on 6 August 2015. The stock hit a 52-week low of Rs 206.20 on 25 February 2016. The stock had outperformed the market over the past one month till 29 July 2016, rising 19.25% compared with 4.9% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 30.74% as against the Sensex's 9.55% rise.
The large-cap company has an equity capital of Rs 132.29 crore. Face value per share is Re 1.
On a consolidated basis, Motherson Sumi Systems' net profit rose 21.6% to Rs 413.72 crore on 8% growth in net sales to Rs 10068.10 crore in Q4 March 2016 over Q4 March 2015. The company is scheduled to announce Q1 June 2016 results on 10 August 2016.
Motherson Sumi Systems including its subsidiaries and joint ventures is one of the leading manufacturers of automotive wiring harnesses and mirrors for passenger cars. It is also a leading supplier of plastic components and modules to the automotive industry.
Powered by Capital Market - Live News