Motherson Sumi gains over 3% in two sessions

Motherson Sumi Systems rose 1.34% to Rs 288 at 12:14 IST on BSE, extending Thursday's gains ahead of book closure for 1:2 bonus share issue.

Meanwhile, the BSE Sensex was down 168.14 points, or 0.80%, to 20,757.47.

On BSE, so far 44,000 shares were traded in the counter, compared with an average volume of 46,011 shares in the past one quarter.

The stock hit a high of Rs 292.35 and a low of Rs 285 so far during the day. The stock hit a record high of Rs 297.70 on 27 November 2013. The stock hit a 52-week low of Rs 173.65 on 15 April 2013.

Shares of Motherson Sumi Systems rose 1.85% to Rs 284.20 on Thursday, 12 December 2013. The stock has risen 3.21% in two sessions from Rs 279.05 on Wednesday, 11 December 2013.

The stock had outperformed the market over the past one month till 12 December 2013, rising 7.02% compared with the Sensex's 3.17% rise. The scrip had also outperformed the market in past one quarter, rising 31.88% as against Sensex's 5.78% rise.

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

Motherson Sumi Systems announced during trading hours on Thursday, 12 December 2013, that the Register of Members & Share Transfer Books of the company will remain closed on 24 December 2013 for the purpose of 1:2 bonus share issue.

Motherson Sumi Systems' consolidated net profit rose 1.49% to Rs 139.63 crore on 24% growth in revenue to Rs 7166 crore in Q2 September 2013 over Q2 September 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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