Samvardhana Motherson slips 7%, hits new 52-week low after block deal

At 09:15 AM, around 133.35 million shares representing 2.95 per cent of total equity of the company changed hands on the BSE in a block deal, the exchange data shows.

Shares of Samvardhana Motherson International (SAMIL) hit a 52-week low of Rs 64.40 on falling 7 per cent after over 100 million shares of the auto ancillary company changed hands via block deals. The stock fell below its previous low of Rs 68.53, which it touched on September 29, 2022.

At 09:15 AM, around 133.35 million shares representing 2.95 per cent of total equity of SAMIL changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

According to reports, Japan-based Sojitz Corp planned to sell 1.9 per cent