Meanwhile, the BSE Sensex was down 292.60 points, or 1.74%, to 16,538.48.
On BSE, 3,879 shares were traded in the counter as against an average daily volume of 82,461 shares in the past one quarter.
The stock hit a high of Rs 167 and a low of Rs 155.05 so far during the day. The stock had hit a record high of Rs 256 on 13 July 2011. The stock had hit a 52-week low of Rs 129 on 29 December 2011.
The stock had underperformed the market over the past one month until 4 May 2012, falling 10.91% compared with the Sensex's 3.75% fall. The scrip had, however, outperformed the market in past one quarter, rising 8.25% as against 4.40% fall in the Sensex.
The mid-cap auto component maker has an equity capital of Rs 38.75 crore. Face value per share is Re 1.
Samvardhana Motherson Finance (SMFL) withdrew its initial public offer (IPO) on Friday, 4 May 2012, due to poor investor response. The company's IPO, which opened on 2 May 2012, was subscribed 23% on the closing day on Friday. The price band for SMFL's IPO was Rs 113-118 per share.
The SMFL IPO consisted of fresh issue of equity shares worth Rs 1344 crore and offer for sale by Radha Rani Holdings PTE worth Rs 321 crore.
SMFL had raised Rs 222 crore by issuing shares to anchor investors on 30 April 2012. The company had allotted 1.93 crore shares to anchor investors at a price of Rs 115 each. The company sold shares to funds including Birla Sun Life Mutual Fund, Government of Singapore, Royal Bank of Scotland PLC, IVY Pacific Opportunities Fund.
As on 31 March 2012, Samvardhan Motherson Finance held 36.35% stake in Motherson Sumi Systems.
On a consolidated basis, Motherson Sumi Systems reported a net loss of Rs 24.72 crore in Q3 December 2011 compared with a net profit of Rs 106.37 crore in Q3 December 2010. Net sales rose 81.1% to Rs 3772.34 crore in Q3 December 2011 over Q3 December 2010.
Motherson Sumi Systems produces car mirrors, wiring harnesses, modules and plastic parts for the automotive industry. Motherson Sumi Systems is a joint venture between Samvardhana Motherson Group and Japan's Sumitomo Wiring Systems.
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