Motherson Sumi Systems jumped 6.43% to Rs 327.70 at 12:03 IST on BSE after consolidated net profit rose 26.17% to Rs 479.85 crore on 14.29% growth in total income to Rs 10337.08 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during market hours today, 10 November 2016.Meanwhile, the S&P BSE Sensex was up 458.82 points or 1.68% at 27,711.35.
On BSE, so far 4.91 lakh shares were traded in the counter as against average daily volume of 2.24 lakh shares in the past one quarter. The stock hit a high of Rs 335.40 and a low of Rs 309.30 so far during the day. The stock had hit a 52-week high of Rs 358.55 on 2 August 2016. The stock had hit a 52-week low of Rs 206.20 on 25 February 2016. The stock had underperformed the market over the past one month till 9 November 2016, sliding 6.46% compared with 2.88% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 12.68% as against Sensex's 2.96% fall.
The large-cap company has equity capital of Rs 140.35 crore. Face value per share is Rs 1.
Motherson Sumi Systems is one of the world's fastest growing specialized automotive component manufacturing company for original equipment manufacturers (OEMs). It is a joint venture between Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan).
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