Motherson Sumi Systems Ltd. shares gain 1.29% as Sensex rises

On the technical charts, the RSI of the stock stood at 49.24.

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Sensex and Nifty shed more than 9 per cent last week, and the indices entered bear market territory, and the bottom is not yet in sight.
Shares of Motherson Sumi Systems Ltd. traded 1.29 per cent up at Rs 114.0 at 11:34AM (IST) on Wednesday, even as BSE benchmark Sensex gained 224.14 points to 37958.22.

The scrip had settled at Rs 112.55 in the previous session. The stock quoted a 52-week high price of Rs 151.0 and 52-week low of Rs 48.5, respectively. As per BSE data, total traded volume on the counter till 11:34AM (IST) stood at 145146 shares with a turnover of Rs 1.64 crore.

At the prevailing price, the stock traded at 1278.83 times its trailing 12-month earnings per share of Rs 0.09 per share and 1.71 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.59.

Shareholding Details

Promoters held 33.96 per cent stake in the company as of 30-Jun-2020, while FIIs owned 15.64 per cent and DIIs 10.98 per cent.

On the technical charts, the relative strength index (RSI) of the stock stood at 49.24. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a 'buy' or'sell' recommendation using a single valuation ratio.




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