Motherson Sumi Systems gains 2.4% after block deal

Around 12 lakh shares were traded in a multiple block at Rs. 278- 278.60 on the NSE.

Motherson Sumi Systems has rallied 2.4% to Rs. 281 on NSE. Around 12 lakh shares were traded in a multiple block at Rs. 278- 278.60 on the NSE. The scrip opened at Rs. 275.3 and has touched a high and low of Rs. 282 and Rs. 275.25 respectively. So far 2,23,044 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 36253.5 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 395.85 on 06-Aug-2015 and a 52 week low of Rs. 217.3 on 05-Oct-2015. Last one week high and low of the scrip stood at Rs. 283.5 and Rs. 263.1 respectively.

The promoters holding in the company stood at 65.59 % while Institutions and Non-Institutions held 22.9 % and 11.5 % respectively.

The stock is currently trading below its 200 DMA.