The company had about 1.03 million shares change hands in a block trade on Friday
The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.
Goldman Sachs, through its arm -- Goldman Sachs (Singapore) Pte -- purchased 6.54 million shares of Samvardhana Motherson International
Goldman Sachs on Tuesday bought shares of auto components major Samvardhana Motherson International for Rs 87 crore through an open market transaction. American multinational Goldman Sachs through its arm -- Goldman Sachs (Singapore) Pte -- purchased 65.48 lakh shares of Samvardhana Motherson International, as per the block deal data on the BSE. The shares were picked up at an average price of Rs 132.7 apiece, taking the transaction value to Rs 86.90 crore. Meanwhile, Hong Kong-based asset management firm Kadensa Capital through its arm -- Kadensa Master Fund -- sold the same number of the shares at the same price. On Tuesday, shares of Samvardhana Motherson International fell 2.13 per cent to close at Rs 131.15 apiece on the BSE. Last month, Samvardhana Motherson International reported a consolidated net profit of Rs 879 crore for the third quarter ended December 31, 2024. The company reported a net profit of Rs 542 crore for the October-December quarter of the last fiscal. The
Nomura pointed out that India is strategically positioned to capitalise on these changes, especially as the US looks to adjust its approach to trade with India, particularly in electronics
Samvardhana faces tight corners in auto market
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Samvardhana Motherson is India's top auto parts maker by market capitalisation and counts carmakers from Maruti Suzuki to Mercedes-Benz among its customers
These 15 companies accounted for 70 per cent of total fund mobilisation of Rs 93,453 crore via QIP route in the past six months, according to PRIME Database.
From the robust banking and financial services domain, Axis Bank and Nippon AMC make the cut. The auto industry sees Maruti Suzuki and Samvardhana Motherson International (SAMIL) in the spotlight
The company's operating profit margin slipped by 80 basis points on a sequential basis to 8.8 per cent and was lower than street expectations
Indian automakers reported a decline in shipments to dealers for the first time in more than two years during the July-September quarter, to help manage the excess inventory
Indian automakers reported a decline in shipments to dealers for the first time in more than two years during the July-September quarter, to help manage the excess inventory
Auto components maker Samvardhana Motherson International on Monday said it has raised Rs 6,438 crore via issue of securities. The QIP issue garnered strong interest from both domestic and foreign institutional investors, leading to substantial demand over the issue size, it said in a regulatory filing. Over 95 per cent of allocations were made to marquee long-only investors such as mutual funds, insurance and pension funds, foreign institutional investor, it added. The proceeds from the issuance will be mainly directed towards debt repayment, thereby further strengthening company's balance sheet and enhancing its position to capitalise on various growth opportunities, it stated. Some of the proceeds will be used towards general corporate purposes, the company said. Shares of the company on Monday ended 2.19 per cent up at Rs 207.25 apiece on BSE.
While the brokerage is watchful of global growth slowing down, it expects inorganic growth to aid in the outperformance of Samvardhana Motherson
The aggregate face value of the CCD are proposed to be converted into equity shares at a discount of 13.83 per cent
Shares of domestic auto component suppliers took a beating on Wednesday after Germany-based automaker BMW cut its Ebit margin and RoCE guidance due to escalating recall costs and delivery stops
With a market capitalisation of about $15 billion, Motherson supplies parts to domestic and global automakers such as Maruti Suzuki and Mercedes-Benz
While the performance was steady and in line with expectations, most of the revenue growth for the quarter came from acquisitions
Shares of Samvardhana Motherson International Ltd (SAMIL) surged up to 4.42 per cent at Rs 188.75 a piece on the BSE