🌟 Samvardhana Motherson International Limited 🌟
(formerly Motherson Sumi Systems Limited)
📊About:
Motherson Sumi Systems Limited is one of the global suppliers of automotive components. Established in 1986, it is the joint venture of Samvardhana Motherson and Sumitomo wiring systems, Japan.
📊Financials:
❧ Motherson Sumi posted Rs.16,911 Cr revenues in the fourth quarter of the year.
❧ EBITDA for the recent quarter was at Rs.1287 Cr.
❧ Profit after tax stood at Rs.122 Cr in the fourth quarter.
❧ EBITDA margin was 18.2%.
❧ Net debt of the company decreased from Rs.8739 Cr to Rs.7768 Cr.
❧ Debt/EBITDA has increased in the fourth quarter due to the base effect.
❧ The company mentioned that results are impacted due to uncertainties such as shortage of semiconductors, and geopolitical conflicts.
📊Technicals:
❧ Stock has faced resistance near its 50 DMA values.
❧ The technical structure looks in a range from the last few trading sessions.
❧ There are no significant volumes in any of the moves in past sessions.
❧ Relative strength index of the stock stood at 43.90.
❧ Breaking the range on either side may give a movement in the stock.
Disclaimer: The information mentioned above is only for educational purposes. Kindly contact your financial advisor before trading/investing 💰
Please post your views/queries in the comments below. 👇
❮
❯
