Wednesday 23 September 2015

Motherson Sumi slips 3%

One of the company’s key clients Volkswagen had used illegal software to alter the emission test results in its diesel cars to clear stringent US norms, which could result in the German automaker facing penalties upto $18bn.


Toyota Prius, Toyota Motors
Motherson Sumi Systems Ltd is currently trading at Rs. 235, down by 3% from its previous closing of Rs. 241.95 on the BSE. 

One of the company’s key clients Volkswagen had used illegal software to alter the emission test results in its diesel cars to clear stringent US norms, which could result in the German automaker facing penalties upto $18bn.

The scrip opened at Rs. 230 and has touched a high and low of Rs. 242 and Rs. 228.25 respectively. So far 7578661 shares were traded on the counter. The current market cap of the company is Rs. 32007.06 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 396 on 06-Aug-2015 and a 52 week low of Rs. 234.67 on 17-Oct-2014. Last one week high and low of the scrip stood at Rs. 291.2 and Rs. 238.95 respectively.

The promoters holding in the company stood at 65.59 % while Institutions and Non-Institutions held 23.8 % and 10.61 % respectively.

The stock is currently trading above its 100 DMA.

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