Samvardhana Motherson: Shares of Samvardhana Motherson fell by more than 16.84 percent in five days, know the reason for this decline

New Delhi: Many stocks have also rolled amid the fall in the stock market. The biggest decline in this has come in the stock of Samvardhana Motherson International Ltd. The stock has lost more than 16 per cent in the last five days. This share (Samvardhana Motherson International Share) has fallen from Rs.83 to Rs.67. Investors are worried about the continuous fall in the stock. The stock has fallen more than 14 per cent in the last one month. At the same time, even today, the stock of Samvardhana Motherson is seeing a decline. The stock opened at Rs 71.30 in the morning. Since then there has been a decline in it. This stock also fell to Rs 66. Presently the stock is trading at Rs.68 level. After all, why this decline in the stock of Samvardhan Motherson. What is the reason for this? Let’s know.

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Why is Samvardhan Motherson’s share falling?

Actually the reason for this fall in the shares of Samvardhan Motherson is the block deal. According to a CNBC TV18 report, Samvardhan is likely to sell 3.4 per cent stake in Motherson International. Sumitomo Wiring may sell this stake in Samvardhan Motherson through a block deal. According to the report, the floor price of the deal will be Rs 69.9 per share. The total deal size would be $195 billion. Sumitomo Wiring Systems is headquartered in Japan. The promotion is one of the major investors in Motherson. It held 17.55 per cent stake in the company as of December 31, 2022.

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The company has made profit

Samvardhan, counted among the top auto subsidiaries in India, had reported 388 per cent year-on-year growth in net profit to Rs 454 crore in the third quarter of FY2023. The company’s revenue grew 25 per cent year-on-year to Rs 20,226 crore during the period. Shares of Samvardhan closed at Rs 76.80 per share on BSE in the trading session on March 15, 2023, down two per cent over the previous day’s close.