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Motherson Sumi strengthens on reporting over two fold jump in Q1 consolidated net profit

12 Aug 2014 Evaluate

Motherson Sumi Systems is currently trading at Rs. 373.80, up by 3.20 points or 0.86% from its previous closing of Rs. 370.60 on the BSE.

The scrip opened at Rs. 371.75 and has touched a high and low of Rs. 391.40 and Rs. 368.75 respectively. So far 693424 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 1 has touched a 52 week high of Rs. 391.40 on 12-Aug-2014 and a 52 week low of Rs. 123.40 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 391.40 and Rs. 351.25 respectively. The current market cap of the company is Rs. 33124.89 crore.

The promoters holding in the company stood at 65.59% while Institutions and Non-Institutions held 22.68% and 11.73% respectively.

Motherson Sumi Systems’ net profit has increased by 36.58% at Rs 110.36 crore as compared to Rs 80.80 crore for the quarter ended June 30, 2013. Its total income has increased by 12.52% to Rs 1227.55 crore for the quarter under review from Rs 1090.95 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported over two fold jump in its net profit at Rs 163.73 crore for the quarter as compared to Rs 73.20 crore for the same quarter in the previous year. Its total income has increased by 18.47% at Rs 8396.45 crore for quarter under review as compared to Rs 7086.87 crore for the quarter ended June 30, 2013.

 

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