Motherson Sumi Wiring lists after demerger; freezes at 5% lower circuit

The wiring harness business benefits from the mega trends (of premiumization, increasing use of electronics, and electrification) playing out in the Auto industry, resulting in an increase in content.

Shares of Motherson Sumi Wiring India (MSWIL), the domestic wiring harness arm of erstwhile Motherson Sumi (MSSL), were locked in the lower circuit of 5 per cent at Rs 62.70 on the BSE on Monday. In comparison, the S&P BSE Sensex was up 0.19 per cent at 57,469 points. The stock had hit an intra-day high of Rs 69.30, after it got listed at Rs 66 on the BSE.

On the National Stock Exchange (NSE), the stock was trading at Rs 62.45. It had hit a high of Rs 68.45 and a low of Rs 61.95 in intra-day trade so