Motherson Sumi Wiring India share price rose 1.3% on Tuesday, May 27, touching a 3-month high of ₹59.75, even as the broader market saw a decline. The positive sentiment came after the company said its board will consider a bonus share issue in its upcoming meeting on May 29, 2025.
In a regulatory filing, the company stated that its Board of Directors will meet on May 29 to discuss a proposal for issuing bonus shares to equity shareholders. If approved, it would mark the company’s second bonus issue in two and a half years, with the previous one announced in November 2022 in a 2:5 ratio.
Despite the stock movement, the company’s Q4 net profit dropped to ₹165 crore, down from ₹191 crore a year ago.
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Motherson Sumi is building 3 new plants to support its automotive customers like Maruti Suzuki and Tata Motors.
Motherson Sumi Wiring India share price has climbed 26% in the past 3 months, rebounding from a sharp 37% drop between June 2024 and February 2025. However, it still trades 26% below its all-time high of ₹80 hit in June 2024.
With steady revenue growth and plant expansions underway, the stock remains in focus for the near term.
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Published on: May 27, 2025, 12:47 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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