Motherson Sumi Systems Ltd. shares down 2.26% as Sensex falls

Motherson Sumi Systems Ltd. shares  down  2.26% as Sensex  falls

Shares of Ltd. fell 2.26 per cent to Rs 205.6 in Monday’s session as of 12:25PM (IST) even as the equity benchmark Sensex traded 1138.23 points lower at 48891.6.

Earlier in the day, the stock witnessed a start to the session. The stock quoted a 52-week high price of Rs 238.2 and a 52-week low of Rs 54.25 on NSE. Around 432269 shares changed hands on the counter till 12:25PM (IST).

The stock opened at Rs 210.35 and has touched an intraday high and low of Rs 211.35 and Rs 200.25 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 127.49, earnings per share (EPS) of Rs 1.61 and price to book value (PB) of 1.71, while the return on equity (ROE) stood at Rs 10.39.

Promoter/ FII Holding
The promoters held 61.73 per cent stake in the company as of April 05, while FII and MF ownerships stood at 16.09 per cent and 10.79 per cent, respectively.

Key Financials

With a market capitalisation of Rs 64879.76 crore, the company operates in the Auto Ancl – Electrical industry. For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 17157.63 crore, up 14.29 per cent from the previous quarter?s Rs 15012.49 crore and up 13.84 per cent from the same quarter a year ago. The company reported net profit of Rs 798.38 crore for the latest quarter, up 195.14 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 48.86. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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