Motherson Sumi Systems is currently trading at Rs. 338.35, up by 2.00 points or 0.59% from its previous closing of Rs. 336.35 on the BSE.
The scrip opened at Rs. 341.90 and has touched a high and low of Rs. 343.00 and Rs. 335.00 respectively. So far 213667 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 358.55 on 02-Aug-2016 and a 52 week low of Rs. 206.20 on 25-Feb-2016.
Last one week high and low of the scrip stood at Rs. 343.00 and Rs. 319.00 respectively. The current market cap of the company is Rs. 44799.36 crore.
The promoters holding in the company stood at 65.61%, while institutions and non-institutions held 23.62% and 10.77% respectively.
Motherson Sumi Systems (MSSL) step-down subsidiary - MSSL Manufacturing Hungary Kft, is acquiring the automotive business unit of Abraham es Tarsa Kft. (Abraham and Co.) located in Turkeve, Hungary on a going concern basis and would also give on lease part of acquired assets to SMR Hungary. MSSL Manufacturing Hungary Kft, a subsidiary of MSSL GmbH, in-turn is a subsidiary of Motherson Sumi Systems.
With this transaction, which is expected to be completed in October 2016, MSSL through its 100% subsidiary, MSSL Manufacturing Hungary Kft, would acquire the land, building and machinery of Abraham es Tarsa Kft for a purchase price consideration of 10.4 million euro. Abraham es Tarsa is an expert for plastic processing and high quality products for car makers across Europe. SMR Hungary is a subsidiary of SMRP BV (98.5% holding), which is ultimately held by MSSL, has for many years been the primary customer of Abraham es Tarsa Kft.
The integration of this business would allow to generate a number of operational synergies with SMR. This acquisition will increase the in house capability of SMR Hungary, and therefore will support SMR’s position as technology and market leader for automotive mirrors in Hungary and Europe. The acquired unit will be further expanded to achieve group synergies through supplies to SMR and to the new facilities being set up by SMP in Europe to meet the demand for new orders from customers.
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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.
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