Motherson Sumi Systems fell 1.22% to Rs 255.85 at 10:57 IST on BSE on profit booking after the stock surged 17.94% in the preceding 11 trading sessions to Rs 259 on 3 April 2014, from a recent low of Rs 219.60 on 20 March 2014.
Meanwhile, the BSE Sensex was down 85.24 points, or 0.38%, to 22,423.83.
On BSE, so far 1.09 lakh shares were traded in the counter, compared with an average volume of 1.72 lakh shares in the past one quarter.
The stock hit a high of Rs 261.75 and a low of Rs 254.40 so far during the day. The stock hit a record high of Rs 277 on 2 April 2014. The stock hit a 52-week low of Rs 115.82 on 15 April 2013.
The stock had outperformed the market over the past one month till 2 April 2014, rising 14.01% compared with the Sensex's 6.78% rise. The scrip had also outperformed the market in past one quarter, rising 37.84% as against Sensex's 7.96% rise.
The large-cap company has an equity capital of Rs 88.19 crore. Face value per share is Re 1.
On a consolidated basis, Motherson Sumi Systems' net profit surged 143% to Rs 249.60 crore on 20.49% growth in sales to Rs 7890 crore in Q3 December 2013 over Q3 December 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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