Motherson Sumi Systems is currently trading at Rs. 321.00, up by 2.45 points or 0.77% from its previous closing of Rs. 318.55 on the BSE.
The scrip opened at Rs. 320.20 and has touched a high and low of Rs. 324.45 and Rs. 318.55 respectively. So far 33650 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. 327.70 and Rs. 308.90 respectively. The current market cap of the company is Rs. 45333.96 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 has raised Rs 1,993.44 crore through issuance of 62,884,827 shares to qualified institutional buyers (QIBs). The company’s qualified institutional placement (QIP) issue opened on September 8 and closed on September 13 for receiving applications from investors. For the QIP, 62,884,827 shares was issued to qualified institutional buyers at an issue price of Rs 317 after giving a discount of 2.79 per cent.
Furthermore, an allotment of 17,762,460 shares of face value of Rs 1 each has been made in favour of Sumitomo Wiring Systems (SWS) at the issue price of Rs 317 per share aggregating around Rs 563.07 crore. Post this preferential allotment and the one under QIP, SWS shareholding continues to remain above 25 per cent.
Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.
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| Bosch | 34335.30 |
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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.
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