Trending stocks: Motherson Sumi share price surges 15%

NEW DELHI: Shares of Motherson Sumi Systems traded 15.04 per cent up in Wednesday 's trade at 10:15AM (IST).

Around 13421118 shares changed hands on the counter. The stock opened at Rs 65.0 and touched an intraday high and low of Rs 73.35 and Rs 64.75 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 179.1 and a 52-week low of Rs 53.0 .


The board of auto components major has given in-principle approval to raise Rs 1,000 crore to enhance liquidity during the uncertain times of coronavirus pandemic, according to a company statement.


Financials
Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 19942.35 Crore) operating in Auto Ancillaries sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 15436.46 Crore, down -1.73 % from last quarter Sales of Rs 15708.99 Crore and down -4.91 % from last year same quarter Sales of Rs 16233.65 Crore. The Company reported net profit after tax of Rs 318.51 Crore in latest quarter.

Motherson Sumi Systems Ltd. key Products/Revenue Segments include Auto Electricals which contributed Rs 7293.40 Crore to Sales Value (96.20 % of Total Sales), Sale of services which contributed Rs 114.80 Crore to Sales Value (1.51 % of Total Sales), Traded Goods which contributed Rs 102.50 Crore to Sales Value (1.35 % of Total Sales), Scrap which contributed Rs 33.40 Crore to Sales Value (0.44 % of Total Sales), Export Incentives which contributed Rs 19.40 Crore to Sales Value (0.25 % of Total Sales), Other Operating Revenue which contributed Rs 16.50 Crore to Sales Value (0.21 % of Total Sales) and Job Work which contributed Rs 1.30 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 61.72663 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 16.05 and price to book value of 1.55 .