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Samvardhana Motherson rises on getting nod to make investment in IFQM

28 Nov 2023 Evaluate

Samvardhana Motherson is currently trading at Rs. 88.08, up by 0.58 points or 0.66% from its previous closing of Rs. 87.50 on the BSE.

The scrip opened at Rs. 87.99 and has touched a high and low of Rs. 88.15 and Rs. 86.85 respectively. So far 400640 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 103.50 on 05-Sep-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 90.84 and Rs. 86.80 respectively. The current market cap of the company is Rs. 59578.30 crore.

The promoters holding in the company stood at 64.77%, while Institutions and Non-Institutions held 26.41% and 8.83% respectively.

Samvardhana Motherson International has received approval from board of directors to make investment of Rs 12.50 crore in Indian Foundation for Quality Management (IFQM). IFQM is an industry led and industry financed ‘Quality Movement’ with the aim to institutionalize Quality in culture of Indian organizations and increase the global competitiveness of Indian companies and their products. 

With contribution to IFQM as a Founding member, the Company will participate in achieving overall objectives of IFQM setup for Indian Industry. The Company will also get additional benefits of having access to key resources of IFQM, interalia, in the areas of Counsellors (i.e. senior and respected quality experts), Champion (i.e. captains of the industry), Code (i.e. defined Holistic Quality Model), Cultural Change (i.e. embedded quality at grassroot level) and Communicate (i.e. involving all stakeholder to prepare the soil). 

The Board of Directors of Samvardhana Motherson International in its meeting held on November 27, 2023 approved the same. 

Samvardhana Motherson International is one of the world’s leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.

SamvardhanaMotherson Share Price

125.00 2.30 (1.87%)
17-Apr-2026 16:59 View Price Chart
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SamvardhanaMotherson 125.00
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