/ Motherson Sumi Recommends Bonus Issue Of 1:2 ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 19 May 2017

Motherson Sumi Systems on Friday informed that the board of directors of the company at its meeting held on May 19, 2017, have recommended the issue of bonus shares in the ratio of 1:2, subject to the approval of shareholders.

The company posted a consolidated net profit of Rs 705.86 crore for the quarter ended March 31, 2017, as against Rs 587.19 crore for the same quarter in the previous year.

The board also recommended a dividend of Rs 2 per equity share (face value of Rs 1 each) for the financial year ended March 31, 2017.

Meanwhile, Motherson Sumi Systems is trading flat at Rs 408 per share at 12:40 hours IST. It hit a high of Rs 419.70 and a low of Rs 402 so far during the day.

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