Motherson Sumi shares gain 1.38% as Sensex rises

Motherson Sumi shares  gain  1.38% as Sensex  rises

Shares of Systems Ltd. traded 1.38 per cent up at Rs 209.55 at 10:41AM (IST) on Wednesday, even as BSE benchmark Sensex gained 309.65 points to 49511.04. The scrip had closed at Rs 206.7 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 238.2 and Rs 54.25, respectively.

As per BSE data, total traded volume on the counter till 10:41AM (IST) stood at 10:41AM shares with turnover at Rs 3.8 crore.

At the prevailing price, shares of the company trades at 129.88 times its trailing 12-month earnings per share of Rs 1.61 per share and 1.71 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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

Shareholding Details

Promoters held 61.73 per cent stake in the company as of 31-Dec-2020, while FIIs owned 16.09 per cent and DIIs 14.26 per cent.

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