Latest news with #SamvardhanaMotherson
Economic Times
3 days ago
- Business
- Economic Times
Explained: Motherson Sumi, Samvardhana Motherson didn't crash 32%. Bonus issue explains sharp price drop
Shares of Samvardhana Motherson International and Motherson Sumi Wiring appeared to plunge over 32% in early trade on Friday, July 18, showing sharply lower prices in investor demat accounts. But the steep drop was not a market rout, it was a technical adjustment following the companies' 1:2 bonus issues that took effect today, with stock prices recalibrating accordingly and no impact on the overall value of shareholder holdings. ADVERTISEMENT Samvardhana Motherson shares began trading ex-bonus on Friday following the company's 1:2 bonus issue, its 11th such issue in the last three decades. Shareholders will receive one bonus share for every two shares held as of the record date, which was set for July 18. The last day to buy the shares and remain eligible was Thursday, July 17. For example, an investor holding 200 shares will be allotted 100 bonus shares, increasing the total number of shares held to 300, with the per-share price adjusting proportionately. On Thursday, July 17, the Samvardhana Motherson stock had closed at Rs 153.85 on the BSE. On Friday morning, it opened at Rs 104.65, a decline of around 32% on paper, reflecting the bonus adjustment. The stock was trading 0.3% higher by mid-morning. This marks the 10th bonus issuance by Samvardhana Motherson since November 2000. Motherson Sumi Wiring, the demerged entity of Samvardhana Motherson, also implemented a 1:2 bonus issue, its first since listing. The record date was also July 18. ADVERTISEMENT Shares of Motherson Sumi Wiring closed at Rs 64.40 on Thursday and opened at Rs 43.70 on Friday, implying a 32% decline on paper, again, a direct outcome of the bonus adjustment. The stock was up 2.5% in early bonus ratio entitles shareholders to one bonus share for every two shares held. For instance, an investor with 100 shares will receive 50 bonus shares, increasing their total holdings to 150. ADVERTISEMENT Although the per-share price appears to have dropped significantly on paper, investors have not lost any value. The total worth of their holdings remains unchanged as the number of shares increases to offset the reduced example, a shareholder holding 300 shares of Motherson Sumi Wiring at Rs 60 apiece, a total value of Rs 18,000, will now hold 450 shares priced at approximately Rs 40 each, maintaining the same overall investment value. ADVERTISEMENT Also read | Motherson Sumi, Samvardhana Motherson International shares rise up to 4% on bonus share issue record date Both companies have announced that the deemed date of allotment for the bonus shares will be Monday, July 21. These bonus shares will be made available for trading on the next working day, i.e., Tuesday, July 22. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Explained: Motherson Sumi, Samvardhana Motherson didn't crash 32%. Bonus issue explains sharp price drop
Shares of Samvardhana Motherson International and Motherson Sumi Wiring appeared to plunge over 32% in early trade on Friday, July 18, showing sharply lower prices in investor demat accounts. But the steep drop was not a market rout, it was a technical adjustment following the companies' 1:2 bonus issue s that took effect today, with stock prices recalibrating accordingly and no impact on the overall value of shareholder holdings. Samvardhana Motherson's bonus issue Samvardhana Motherson shares began trading ex-bonus on Friday following the company's 1:2 bonus issue, its 11th such issue in the last three decades. Shareholders will receive one bonus share for every two shares held as of the record date, which was set for July 18. The last day to buy the shares and remain eligible was Thursday, July 17. Explore courses from Top Institutes in Select a Course Category CXO Management Degree Digital Marketing MBA healthcare Data Science PGDM Design Thinking Others Data Science Leadership Artificial Intelligence Cybersecurity Technology Healthcare Operations Management Finance Product Management Data Analytics others Public Policy Project Management MCA Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details For example, an investor holding 200 shares will be allotted 100 bonus shares , increasing the total number of shares held to 300, with the per-share price adjusting proportionately. On Thursday, July 17, the Samvardhana Motherson stock had closed at Rs 153.85 on the BSE. On Friday morning, it opened at Rs 104.65, a decline of around 32% on paper, reflecting the bonus adjustment. The stock was trading 0.3% higher by mid-morning. This marks the 10th bonus issuance by Samvardhana Motherson since November 2000. Live Events First bonus since demerger for Motherson Sumi Wiring Motherson Sumi Wiring, the demerged entity of Samvardhana Motherson, also implemented a 1:2 bonus issue, its first since listing. The record date was also July 18. Shares of Motherson Sumi Wiring closed at Rs 64.40 on Thursday and opened at Rs 43.70 on Friday, implying a 32% decline on paper, again, a direct outcome of the bonus adjustment. The stock was up 2.5% in early trade. The bonus ratio entitles shareholders to one bonus share for every two shares held. For instance, an investor with 100 shares will receive 50 bonus shares, increasing their total holdings to 150. No change in investment value Although the per-share price appears to have dropped significantly on paper, investors have not lost any value. The total worth of their holdings remains unchanged as the number of shares increases to offset the reduced price. For example, a shareholder holding 300 shares of Motherson Sumi Wiring at Rs 60 apiece, a total value of Rs 18,000, will now hold 450 shares priced at approximately Rs 40 each, maintaining the same overall investment value. Also read | Motherson Sumi, Samvardhana Motherson International shares rise up to 4% on bonus share issue record date Bonus shares to be credited next week Both companies have announced that the deemed date of allotment for the bonus shares will be Monday, July 21. These bonus shares will be made available for trading on the next working day, i.e., Tuesday, July 22.
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Business Standard
24-06-2025
- Business
- Business Standard
Major companies to tap debt market to raise over ₹10K cr this week
Major companies, such as Andhra Pradesh Mineral Development Corporation (APMDC), Samvardhana Motherson, ICICI Bank, SMFG Credit, Muthoot Finance, and L&T Finance, are tapping the debt capital market to raise over ₹10,000 crore through bond issuances. The move comes amid volatility in the corporate bond market driven by geopolitical tensions and the aftereffects of the June monetary policy. APMDC is looking to raise around ₹5,526 crore through 10-year bonds, with bidding scheduled for Wednesday. Samvardhana Motherson is also aiming to raise up to ₹2,500 crore via 'AAA'-rated bonds on Wednesday. Aditya Birla Housing Finance is planning to raise ₹500 crore through five-year bonds, while SMFG Credit is targeting ₹660 crore. ICICI Bank, India's second-largest private-sector lender, is set to tap the market this week to raise up to ₹1,000 crore (₹500 crore base issue and ₹500 crore green shoe option) through Tier II bonds. Bidding for this issuance will take place on Thursday. On Tuesday, Poonawalla Fincorp raised ₹1,600 crore in two tranches of ₹800 crore each at a coupon of 7.70 per cent through bonds maturing in 66 months. The Indian bond market has been slightly volatile following the RBI's June monetary policy due to the change in stance and slightly hawkish commentary on future rate cuts. developments in West Asia have also weighed on market sentiment. As a result, yields on 10-year AAA-rated public-sector undertaking bonds exceeded the 7 per cent threshold after a gap of three months. REC on Monday raised ₹2,865 crore through 10-year bonds at a coupon rate of 7.06 per cent. 'Bond market has been highly volatile over the past few days, influenced by a mix of global and domestic factors. However, fresh uncertainty has emerged with the RBI's post-market announcement of a ₹1 trillion Variable Rate Reverse Repo (VRRR) auction,' said Venkatakrishnan Srinivasan, founder and managing partner, Rockfort Fincap LLP. He added that issuer activity remains concentrated in the 3–5-year maturity segment, where institutional demand has been consistently strong. Despite the growing supply in this segment, investor appetite remains strong, even as bids are now coming with slightly higher yield expectations, he further said.
Mint
23-06-2025
- Business
- Mint
Samvardhana Motherson, Dalmia Bharat to HUL: 8 key stocks to trade ex-dividend today
Dividend Stocks: Samvardhana Motherson, Dalmia Bharat, HUL, Motherson Sumi Wiring India Ltd., Kansai Nerolac Paints Ltd., Kalpataru Projects International Ltd., Dynamic Cables Ltd., and G N A Axles Ltd. are the 8 key stocks to trade ex-dividend today. These companies had set Monday, June 23, as the record date for determining the list of stockholders that are entitled to receive dividends. Investors who want to benefit from these companies' dividend announcements should have purchased shares at least one day prior to the record date in order to find their names in the list of eligible shareholders to receive dividends, according to the T+1 settlement procedure. Samvardhana Motherson International Ltd.—Samvardhana Motherson had recommended that, subject to shareholder approval at the subsequent Annual General Meeting, which is set for August 28, 2025, a final dividend of ₹ 0.35/- (Paisa Thirty Five only) per equity share (face value of Re. 1/- each) on the entire equity share capital consisting of 7,036,295,067 equity shares be paid out for the fiscal year 2024–2025. If the shareholders declare a final dividend at the upcoming AGM, it must be paid out within 30 days of the declaration date, which is September 26, 2025, at the latest. The final dividend will be given for the fiscal year 2024–2025 in addition to the interim dividend of ₹ 0.50 (fifty pesos only). Motherson Sumi Wiring India Ltd.— At At the next AGM, which will take place on August 28, 2025, shareholders will be approving the final dividend of ₹ 0.35 (thirty-five paise only) per equity share (face value of Rs. 1 each), as suggested by the board of directors in their meeting on May 9, 2025. If the shareholders declare a final dividend at the upcoming AGM, it must be paid out within 30 days of the declaration date, which is September 26, 2025, at the latest. The interim payout of ₹ 0.50 (fifty pesos only) paid for the fiscal year 2024–2025 will be augmented by the final payout. Dalmia Bharat Ltd.—At At its meeting on April 23, 2025, the Board of Directors recommended a final dividend for FY 2024–2025 of Rs. 5 per equity share (250%). The dividend will need to be approved by shareholders at their 12th Annual General Meeting. Hindustan Unilever Ltd. (HUL) had recommended paying out a final dividend of Rs. 24 on equity shares of Re. 1 each for the fiscal year that ended on March 31, 2025. On November 21, 2024, the company previously paid a special dividend of Rs. 10 per share and an interim dividend of Rs. 19 per share. The entire dividend for the specified time period is Rs. 53 for each equity share with a face value of Re. 1 apiece. Kansai Nerolac Paints Ltd.—For the fiscal year ending March 31, 2025, the Board has recommended a 375% (Rs. 3.75 per share) dividend, which includes a special dividend of 125% (Rs. 1.25 per share). Kalpataru Projects International Ltd.—For the fiscal year ending March 31, 2025, the Board has recommended a 375% (Rs. 3.75 per share) dividend, which includes a special dividend of 125% (Rs. 1.25 per share). In addition, the companies, such as Dynamic Cables Ltd., had recommended a final dividend of Rs. 0.50 per equity share, i.e., 5% per equity share of Rs. 10 each for the financial year ended March 31, 2025. While G N A Axles Ltd. has recommended a dividend of Rs. 3/- per equity share on fully paid-up equity shares of the company. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
30-05-2025
- Business
- Business Standard
Samvardhana Motherson shares up 4% after Q4 results, bonus issue
Shares of Samvardhana Motherson International surged over 4 per cent on Friday even after the company's net profit fell by 23 per cent year on year (Y-o-Y) in the fourth quarter that ended on March 31, 2025. The auto components and equipment manufacturer's stock rose as much as 4.3 per cent during the day to ₹158.6 per share, the biggest intraday gain since May 12, 2025. The stock pared gains to trade 1.3 per cent higher at ₹154 apiece, compared to a 0.28 per cent decline in Nifty50 as of 10:30 AM. Shares of the company have gained for the third straight month, with a rally of over 15 per cent in May so far. However, the counter has fallen 1.5 per cent this year, compared to a 5 per cent advance in the benchmark Nifty50. Samvardhana Motherson has a market capitalisation of ₹1.08 trillion, according to BSE data. Samvardhana Motherson Q4 results The company's consolidated net profit fell by 23 per cent Y-o-Y to reach ₹1,050 crore in the fourth quarter that ended on March 31, 2025. During the same quarter of the previous fiscal year (2023–24), the company had reported a net profit of ₹1,372 crore. Revenue from operations for the January–March period increased to ₹29,317 crore, up from ₹27,666 crore in the corresponding quarter a year earlier. For the full fiscal year 2024–25, the company posted a consolidated net profit of ₹3,803 crore, reflecting a 40 per cent year-on-year rise compared to ₹2,716 crore in 2023–24. Revenue for the year rose to ₹1,13,663 crore from ₹98,692 crore in the previous fiscal. Samvardhana Motherson approves bonus issue The board of Samvardhana Motherson International approved bonus shares in the ratio of 1:2, i.e., 1 equity share of ₹1 each as a bonus share fully paid-up, for every 2 existing equity shares of ₹1 each. About Samvardhana Motherson Samvardhana Motherson International (formerly known as Motherson Sumi Systems Limited) is a globally diversified manufacturer and a full-system solutions provider to customers in automotive and other industries. The Company is one of the world's largest and fastest-growing suppliers for Original Equipment Manufacturers (OEMs) in the automotive industry. In February, the company entered into a joint venture with Japan's Sanko, a player in the material handling sector, to provide sustainable packaging solutions in India and Europe. The joint venture (JV) will contribute to greater efficiencies in material handling with cost reduction in overall logistics spending.
