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    Share price of Motherson Sumi Systems Ltd. rises as Nifty strengthens

    Synopsis

    A total of 114,203 shares changed hands on the counter till 10:26AM (IST).

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    The Dow Jones Industrial Average finished up 1,048.86 points, or 5.20 per cent, to 21,237.38 on Tuesday. The S&P500 index increased 143.06 points, or 6.00 per cent, to 2,529.19.

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    Shares of Motherson Sumi Systems Ltd. gained 1.77 per cent to Rs 80.6 in Tuesday's trade as of 10:26AM (IST).

    The stockhit a high price of Rs 81.4 and low of Rs 79.8 during the session.

    The return on equity (ROE) for the stock stood at 14.71 per cent. Traded volume on the counter stood at 10:26AM shares and turnover at Rs 0.92 crore around that time.

    The stock of Motherson Sumi Systems Ltd. quoted a 52-week high and 52-week low prices of Rs 151.0 and Rs 48.5, respectively.

    The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.59.

    Promotor/FII Holding
    Promoters held 33.96 per cent stake in the company as of 31-Mar-2020, while overseas investors held 15.5 per cent and domestic institutional investors had 11.21 per cent.

    Key Financials
    The company reported consolidated sales of Rs 15436.46 crore for the quarter ended 31-Dec-2019, down 1.73 per cent from previous quarter's Rs 15708.99 crore and down 4.91 per cent from the year-ago quarter's Rs 16233.65 crore.

    Net profit after tax for the latest quarter stood at Rs 270.51 crore, down 30.47 per cent from the same quarter a year ago.
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