Motherson Sumi Systems is currently trading at Rs. One hundred sixty five.85, up through 4.50 points or 2.Seventy nine% from its preceding closing of Rs. 161.35 at the BSE.
The scrip opened at Rs. 163.00 and has touched a excessive and coffee of Rs. 179.30 and Rs. 163.00 respectively. So some distance 1173552 stocks were traded at the counter.
The BSE institution ‘A’ inventory of face value Rs. 1 has touched a 52 week excessive of Rs. 263.Forty seven on 20-Dec-2017 and a 52 week low of Rs. A hundred and forty.Eighty on sixteen-Nov-2018.
Last one week excessive and coffee of the scrip stood at Rs. 179.30 and Rs. 147.15 respectively. The current market cap of the agency is Rs. 55895.Forty four crore.
The promoters preserving inside the business enterprise stood at sixty one.73%, while Institutions and Non-Institutions held 27.43% and 10.84% respectively.
Motherson Sumi Systems is reportedly in initial discussion to merge or buy Leoni, a biggest maker of special automobile cable in Germany. Leoni is engaged in production cord systems, electric powered energy distribution, modular cable harnesses, and battery cables.
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