Block deal on Motherson Sumi; stock down 1%

Around 15 lakh shares were traded in a single block at Rs. 340.20 on the NSE. The stock hit a high of Rs. 346 and a low of Rs. 339.35 on BSE today.

Shares of Motherson Sumi Systems Ltd were trading lower 1% at Rs. 341.05 on BSE today. Around 15 lakh shares were traded in a single block at Rs. 340.20 on the NSE. The company reported 62.3 percent growth in Q1FY16 consolidated net at Rs. 265.76 crore when compared with Rs. 163.73 crore in Q1FY15. Total income too increased by 12 percent to Rs. 9,409.51 crore from Rs. 8,396.45 crore.

The stock opened at Rs. 346 as against the previous close of Rs. 343.35 on BSE. It has hit a high of Rs. 346 and a low of Rs. 339.35 on BSE today.

Total traded quantity on the counter stood at over 15.70 lk shares on BSE.

Meanwhile, the BSE Sensex is down 285 points at 27,782.