Motherson Sumi nears 52-week high after it unveils 5-yr restructuring plan

Shares of Motherson Sumi Systems (MSSL) advanced 5 per cent to Rs 146.30 on the BSE in the intra-day trade on Monday after the company outlined its next five year plan, Vision 2025. The stock of the auto ancillary company was trading close to its 52-week high level of Rs 151 touched on January 9, 2020.

At the analyst meet held recently, Motherson Sumi Systems said that it is targeting $36 billion in group revenues by FY25E, including 25 per cent contribution from non-automotive space. It also aims to be highly capital efficient with a targeted group RoCE of 40 per