Motherson Sumi surges 23% in two days on strong earnings show in Q3

Shares of Motherson Sumi Systems hit a fresh 52-week high of Rs 221, up 12 per cent in the intra-day trade, on the BSE on Monday after the company reported its highest-ever quarterly revenue of Rs 17,923 crore, up by 15 per cent over the previous year quarter, in Q3FY21. The stock has surged 23 per cent in the past two trading days. 

Thus far in the month of February, the stock of the auto ancillary company has rallied 53 per cent, as compared to a 12.5 per cent surge in the S&P BSE Sensex.

In Q3FY21, Motherson Sumi Systems' consolidated profit