Motherson Sumi Systems rose 4.84% to Rs 209 at 14:56 IST on BSE after consolidated net profit galloped 799.26% to Rs 73.20 crore on 10.87% growth in total income to Rs 7086.87 crore in Q1 June 2013 over Q1 June 2012.
The Q1 result was announced during trading hours today, 31 July 2013.
Meanwhile, the S&P BSE Sensex was down 44.11 points or 0.23% at 19,304.23.
On BSE, 1.79 lakh shares were traded in the counter as against average daily volume of 41,786 shares in the past one quarter.
The stock was volatile. The stock surged as much as 6.84% at the day's high of Rs 213 so far during the day. The stock lost as much as 7.14% at the day's low of Rs 185.10 so far during the day. The stock had hit a 52-week low of Rs 104 on 3 August 2012. The stock had hit a record high of Rs 228.80 on 22 July 2013.
The stock had outperformed the market over the past one month till 30 July 2013, rising 0.66% compared with the Sensex's 0.24% fall. The scrip had also outperformed the market in past one quarter, gaining 2.65% as against Sensex's 0.8% slide.
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The large-cap company has equity capital of Rs 58.79 crore. Face value per share is Re 1.
Motherson Sumi Systems reported exchange loss of Rs 167.07 crore on long term foreign currency loans as an exception item in Q1 June 2013. Also, there was a one time upfront fee of Rs 19 crore, included in interest costs during the quarter.
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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