Motherson Sumi drops after 4-day 8.4% rally

Meanwhile, the S&P BSE Sensex was down 5.58 points or 0.03% at 19,730.19.

On BSE, 9,462 shares were traded in the counter as against average daily volume of 66,056 shares in the past one quarter.

The stock hit a high of Rs 196.40 and a low of Rs 191 so far during the day. The stock had hit a 52-week low of Rs 103.37 on 7 May 2012. The stock had hit a record high of Rs 212.75 on 13 March 2013.

The stock had outperformed the market over the past one month till 2 May 2013, surging 6.59% compared with the Sensex's 3.65% rise. The scrip had however, underperformed the market in past one quarter, falling 1.65% as against Sensex's 0.23% fall.

The large-cap company has equity capital of Rs 58.79 crore. Face value per share is Re 1.

Shares of Motherson Sumi Systems had rallied 8.46% in four trading sessions to settle at Rs 196.65 on Thursday, 2 May 2013, from a recent low of Rs 181.30 on 25 April 2013.

Motherson Sumi Systems' consolidated net profit galloped 516.7% to Rs 103.02 crore on 73.6% growth in net sales to Rs 6547.90 crore in Q3 December 2012 over Q3 December 2011.

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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