Motherson Sumi adds 8% in three days

Motherson Sumi Systems (MSSL) rose 3.99% to Rs 153.75, extending gains for third day in a row.

Dec 01, 2020 01:12 IST capital market

The stock has added 7.82% in three sessions from its recent closing low of Rs 142.60 on 25 November 2020.

Last week, MSSL outlined its next five year plan, Vision 2025. The company said that it is targeting $36 billion in group revenues by FY25E, including 25% contribution from non-automotive space. It also aims to be highly capital efficient with a targeted group RoCE of 40%. Other ambitions outlined included 40% consolidated dividend payout ratio and continued business de-risking via 3CX10 i.e. no component, country or customer to form more than 10% of revenues.

Motherson Sumi Systems is one of the worlds leading specialised automotive component manufacturing companies for original equipment manufacturers.

The auto component makers consolidated net profit fell 12.2% to Rs 337.58 crore on 1.98% decline in total revenues from operations to Rs 14,957.21 crore in Q2 FY21 over Q2 FY20.

Powered by Capital Market - Live News

Related Story

Explore Important Blogs