Motherson shares gain on earnings, stake sale

World News: . []

Reuters Market Eye - Shares in Motherson Sumi Systems Ltd gain 5.15 percent, a day after posting a recovery in earnings and ahead of a planned stake sale that traders say could happen at a premium. The auto parts maker said on Tuesday it would issue 4.4 million shares to institutional investors, on the same day when it reported swinging to a net profit from a net loss a year ago, and posting a 74 percent surge in sales. ...

Read More:

Published: .

Search for other references to "motherson" on SPi News

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
Privacy Policy | Terms and Conditions | Contact Us

Advertising on SPi News: Information For Advertisers