Motherson Sumi Systems Ltd up by 10.07% | Espresso Market Updates


Espresso shot of the day – Motherson Sumi Systems Ltd up by 10.07 percent

February 12, 2021
Espresso shot of the day – Motherson Sumi Systems Ltd up by 10.07 percent

Motherson Sumi Systems Ltd 197.25 (+10.07 %)  BSE – INE775A01035| 12th FEB

Espresso newsletter graph Motherson Sumi Systems Limited

Motherson Sumi Systems Limited (MSSL) is the flagship company of the Motherson Group. It was established in 1986 and has been listed at the Indian stock exchange since 1993. The company is a specialised full-system solutions provider and caters to a diverse range of customers in the automotive and other industries across Asia, Europe, North America, South America, Australia and Africa. It has a growing presence in wiring harnesses, rear-view mirrors, cockpits, bumpers, interior trim as well as a broad range of other polymer, elastomer and metal-based parts and systems. It also offers proximity to its customers, supporting them in their product requirements across the globe.

Recent Drivers

  • Motherson Sumi Systems Limited consolidated profit jumped nearly four-fold to Rs 1,268.3 crores for the quarter, compared to Rs 340 crores in the year-ago period
  • Samvardhana Motherson Automotive Systems Group BV (SMRPBV) subsidiary of Motherson Sumi Systems Limited announced the acquisition of a majority stake in two Turkey-based makers of moulded parts, sub-assemblies for mirrors and lighting systems for a base enterprise value of 21.78 million euros
  • SMRPBV will acquire a 75% stake in Plast Met Plastik Metal San and Plast Met Kalip San together known as Plast Met Group (Turkey)
  • In January, Daimler Indian Commercial Vehicles (DICV) and  Motherson Sumi Systems Limited have launched a customised refrigerated truck to transport the vaccines.
  • The 28 tonne BharatBenz truck is made by the Chennai-based truck and bus maker DICV, the refrigerated container mounted on it is developed by the Motherson Sumi Group
  • The purpose-built truck can store vaccines up to a maximum of negative 20 degree which can be monitored at all stages of the delivery process. The truck comes with an app that monitors the temperature during the entire transit process to maintain the efficacy of the vaccine.
  • For security purposes Motherson Sumi Systems Limited has even installed sensors on the vehicle which can alert the driver in case the doors are opened during transit. The trucks will come with infection proof fabric as standard, COVID-19 kit which will have the N95 mask, sanitiser and a disinfectant spray.
( Sources: BSE, Moneycontrol, Business Line)

Technical Force *

  • S&P BSE ALL CAP month till date gain up by 10.61%
  • Traded on new 52- week high value 199.20
  • Touched upper circuit today 197.10
  • Spurt in volume by more than 4.85 times compares to previous vol. 3 month avg qty – 14,681,383
  • Stock price has jumped more than 100% in one year low level – 48.65, 24 March, 20
  • Daily RSI (14) is in overbought territory for 2 periods ago, RSI has crossed above central line 4 periods ago
  • 52- week high - 199.20 | 52- week low- 48.50

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Some Key Ratios (Source:  BSE)

Market Cap: 62,286.65 crores

PE: 107.56

OPM%: 12.94

ROE%: 9.25

Prev. Close: 179.20

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.