Motherson Sumi slides on profit booking

Motherson Sumi Systems fell 3.70% to Rs 240.50 at 15:10 IST on BSE on profit booking after a recent rally.

Meanwhile, the BSE Sensex was up 9.43 points, or 0.04%, to 24,616.42 .

On BSE, so far 2.23 lakh shares were traded in the counter, compared with an average volume of 3.03 lakh shares in the past one quarter. The stock hit a high of Rs 251 and a low of Rs 236.80 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 206.20 on 25 February 2016. The stock had underperformed the market over the past one month till 3 March 2016, rising 0.54% compared with 1.58% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 11.70% as against Sensex's 4.94% fall.

The large-cap company has an equity capital of Rs 132.29 crore. Face value per share is Re 1.

Shares of Motherson Sumi Systems rose 18.84% to settle at Rs 249.75 yesterday, 3 March 2016, from its close of Rs 210.15 on 25 February 2016.

On a consolidated basis, Motherson Sumi Systems' net profit rose 20.9% to Rs 307.35 crore on 8.1% growth in net sales to Rs 9676.36 crore in Q3 December 2015 over Q3 December 2014.

Motherson Sumi Systems is one of the world's fastest growing specialised automotive component manufacturing company for OEMs.

Powered by Capital Market - Live News