Motherson Sumi Systems fell 5.04% to Rs 201.80 at 13:28 IST on BSE on profit booking after the stock jumped 16.41% in the preceding seven sessions to Rs 212.50 on 9 January 2014, from a recent low of Rs 182.55 on 31 December 2013.
Meanwhile, the BSE Sensex was up 199.22 points, or 0.96%, to 20,912.59.
On BSE, so far 2.05 lakh shares were traded in the counter, compared with an average volume of 66,275 shares in the past one quarter.
The stock hit a high of Rs 209.70 and a low of Rs 200.25 so far during the day. The stock hit a record high of Rs 218 on Thursday, 9 January 2014. 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 9 January 2014, rising 13.32% compared with the Sensex's 2.87% fall. The scrip had also outperformed the market in past one quarter, rising 28.92% as against Sensex's 2.29% 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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