Motherson Sumi Systems is currently trading at Rs. 239.20, up by 1.75 points or 0.74% from its previous closing of Rs. 237.45 on the BSE.
The scrip opened at Rs. 237.50 and has touched a high and low of Rs. 240.50 and Rs. 234.50 respectively. So far 43,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 256.00 on 13-Jul-2011 and a 52 week low of Rs. 149.55 on 19-Jul-2010.
Last one week high and low of the scrip stood at Rs. 256.00 and Rs. 222.30 respectively. The current market cap of the company is Rs. 9202.23 crore.
The promoters holding in the company stood at 65.19% while Institutions and Non-Institutions held 19.54% and 15.27% respectively.
Motherson Sumi Systems (MSSL) has executed binding agreement with Cross Industries for acquiring 80% stake in Peguform GmbH and Peguform Iberica, SL together with 50% stake in Wethje Entwicklungs GmbH and Wethje Carbon Composite GmbH. By end of September 2011, the deal is expected to be completed by which time all closing conditions including regulatory approvals as applicable, are expected to be received.
Further, the total share consideration for this transaction is Euros 141.5 million, of which MSSL share shall be Euro 72.165 million. MSSL proposes to raise loan overseas to finance this transaction. ICICI Bank is the mandated lead arranger for financing the entire transaction.
Earlier, Motherson Sumi Systems stated it would soon finalise acquisition of 80% of the shareholding of Peguform Group, Germany from Cross Industries AC, who would continue to hold 20% shareholding. This acquisition would also include 50% holding in Wethje Carbon Composite which is a part of Cross Industries. The company’s board at its meeting held on July 13, 2011 had considered and accorded it’s in principle approval to acquire an overseas entity. The acquisition would be made through a joint venture company in which Motherson Sumi Systems would hold 51% and Samvardhana Motherson Finance would hold 49% share.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 165.15 |
| TVS Holdings | 11537.25 |
| Bosch | 34335.30 |
| UNO Minda | 1066.90 |
| Endurance Tech | 2361.05 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
