Samvardhana Motherson International gains on opening new wiring harness facility in Pozarevac

09 Sep 2022 Evaluate

Samvardhana Motherson International is currently trading at Rs. 123.90, up by 0.70 points or 0.57% from its previous closing of Rs. 123.20 on the BSE.

The scrip opened at Rs. 124.50 and has touched a high and low of Rs. 125.85 and Rs. 123.65 respectively. So far 410767 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 206.08 on 14-Oct-2021 and a 52 week low of Rs. 112.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 126.80 and Rs. 121.85 respectively. The current market cap of the company is Rs. 56086.18 crore.

The promoters holding in the company stood at 68.16%, while Institutions and Non-Institutions held 19.99% and 11.86% respectively.

Samvardhana Motherson International has inaugurated new facility in Pozarevac. This is company’s third facility in Serbia and will be manufacturing wiring harnesses for Daimler trucks. The new facility will play an important role for the company in supporting its commercial vehicle customers and will create exciting career opportunities for over 1000 people in the region.

The state-of-the-art facility will contribute to global growth strategy of wiring harness division. The focus will be towards making this plant self-sufficient and providing full system solutions. The latest facility will further strengthen the company’s global position as a leading automotive solutions provider and a trusted long-time partner to its customers, allowing us to provide employment and growth opportunities for our future colleagues in Požarevac area.

Samvardhana Motherson International is one of the world’s leading specialized automotive component manufacturing companies for OEMs. The company, formerly known as Motherson Sumi Systems was established in 1986 as a joint venture with Sumitomo Wiring Systems.


SamvardhanaMotherson Share Price

144.90 -3.80 (-2.56%)
10-Jan-2025 16:59 View Price Chart
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Company Name CMP
SamvardhanaMotherson 144.90
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