Motherson Sumi Systems rose 5.84% to Rs 262.90 at 15:19 IST on BSE on bargain hunting after the stock fell 7.78% in the preceding two trading sessions to Rs 248.40 yesterday, 3 February 2016, from a recent high of Rs 269.35 on 1 February 2016.
Meanwhile, the BSE Sensex was up 125.54 points, or 0.52%, to 24,348.86.
On BSE, so far 1.79 lakh shares were traded in the counter, compared with an average volume of 2.63 lakh shares in the past one quarter. The stock hit a high of Rs 264.45 and a low of Rs 251.80 so far during the day. The stock hit a record high of Rs 395.85 on 6 August 2015. The stock hit a 52-week low of Rs 217.30 on 5 October 2015. The stock had underperformed the market over the past one month till 3 February 2016, sliding 16.48% compared with 7.41% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 1.06% as against Sensex's 8.90% fall.
The large-cap company has an equity capital of Rs 132.29 crore. Face value per share is Rs 1.
On a consolidated basis, Motherson Sumi Systems' net profit jumped 174.7% to Rs 286.89 crore on 14.1% growth in net sales to Rs 9037.32 crore in Q2 September 2015 over Q2 September 2014.
Motherson Sumi Systems (MSSL) is one of the world's fastest growing specialised automotive component manufacturing company for OEMs. MSSL is the flagship company of the Samvardhana Motherson Group, established in 1986. It is a joint venture between Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan).
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