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    Motherson Sumi Systems Ltd. shares drop 0.67% as Sensex rises

    Synopsis

    A total of 360,470 shares changed hands on the counter till 12:35PM (IST)

    Sensex---BCCL
    Once equity investing is viewed as a viable alternative to savings in the form of assets like property, gold and bank deposits, we may witness a spread of liquidity to a broader set of stocks.
    Shares of Motherson Sumi Systems Ltd. traded 0.67 per cent down at Rs 118.55 at 12:35PM (IST) on Friday, even as BSE benchmark Sensex gained 311.07 points to 38531.46. The stock had closed at Rs 119.35 in the previous session.

    The stock quoted a 52-week high and 52-week low of Rs 151.0 and Rs 48.5, respectively.

    As per BSE data, total traded volume on the counter till 12:35PM (IST) stood at 12:35PM shares with turnover at Rs 4.29 crore.

    At the prevailing price, the stock trades at 1331.2 times its trailing 12-month EPS of Rs 0.09 per share and 2.52 times its price-to-book value, the exchange data showed.

    A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.59.

    Shareholding Details
    Promoters held 33.96 per cent stake in the company as of 30-Jun-2020, while FIIs owned 15.64 per cent and DIIs 10.98 per cent.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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