Read more about Stocks to watch: ITC, Infosys, Hero Moto, Motherson Sumi, PVR, NMDC on Business Standard. Sebi has barred eight entities, including two employees of Infosys, from the securities market for indulging in insider trading activities in the shares of the IT major
Shares of Motherson Sumi Systems, on Wednesday, rose 2.4 per cent to hit a fresh 52-week high of Rs 238.20 on the BSE after rating agency CRISIL reaffirmed the company s ratings. In an exchange filing, the company said that its long-term ratings has been reaffirmed to CRISIL AA+, with Stable outlook from the earlier negative . Short-term ratings has been reaffirmed to CRISIL A1+. At 11:25 AM, the stock was trading 1 per cent higher at Rs 234.85 as compared to the benchmark Sensex s 0.9 per cent gain. Around 80.8 lakh shares have changed hands on the NSE and BSE, combined, so far. In Q3FY21, Motherson Sumi Systems consolidated profit after tax (PAT) more-than-doubled to Rs 798 crore from Rs 271 crore in the corresponding quarter of previous fiscal. Earnings before interest, taxes, depreciation, and amortization (Ebitda), meanwhile, grew 56 per cent year on year (YoY) at Rs 2,041, while margins improved 300 basis points (bps) to 11.4 per cent during the quarter.
Motherson Sumi Share Surges 28% In 4 Days To Hit 52-week High; Nomura Retains Buy moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Read more about Motherson Sumi hits 52-week high on highest-ever quarterly revenue in Q3 on Business Standard. With the rollout of Covid-19 vaccine in different parts of the world, the management is optimistic that the demand and positive sentiments will improve in the upcoming quarters