Samvardhana Motherson is currently trading at Rs. 88.08, up by 0.58 points or 0.66% from its previous closing of Rs. 87.50 on the BSE.
The scrip opened at Rs. 87.99 and has touched a high and low of Rs. 88.15 and Rs. 86.85 respectively. So far 400640 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 103.50 on 05-Sep-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 90.84 and Rs. 86.80 respectively. The current market cap of the company is Rs. 59578.30 crore.
The promoters holding in the company stood at 64.77%, while Institutions and Non-Institutions held 26.41% and 8.83% respectively.
Samvardhana Motherson International has received approval from board of directors to make investment of Rs 12.50 crore in Indian Foundation for Quality Management (IFQM). IFQM is an industry led and industry financed ‘Quality Movement’ with the aim to institutionalize Quality in culture of Indian organizations and increase the global competitiveness of Indian companies and their products.
With contribution to IFQM as a Founding member, the Company will participate in achieving overall objectives of IFQM setup for Indian Industry. The Company will also get additional benefits of having access to key resources of IFQM, interalia, in the areas of Counsellors (i.e. senior and respected quality experts), Champion (i.e. captains of the industry), Code (i.e. defined Holistic Quality Model), Cultural Change (i.e. embedded quality at grassroot level) and Communicate (i.e. involving all stakeholder to prepare the soil).
The Board of Directors of Samvardhana Motherson International in its meeting held on November 27, 2023 approved the same.
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.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 165.15 |
| TVS Holdings | 11537.25 |
| Bosch | 34335.30 |
| UNO Minda | 1066.90 |
| Endurance Tech | 2361.05 |
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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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