Know why Motherson Sumi Ltd. is not doing well at the markets today
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Motherson has nearly 5,000 crore rupees of debt on its balance sheet, of which some 1,500 crore rupees is in foreign currency. With the Rupee falling to fresh two-year lows versus the Dollar, analysts are of the view that Motherson's debt servicing costs may rise against the backdrop of a potential slowdown in global automobile sales.
Motherson fell 9.70 rupees, or 3 percent, to 318 rupees on the
Motherson has been a market favourite for several years. As a consequence, its market capitalisation has gained 33 percent in the past one year to 41,720 crore rupees.
(Image credits: Indiatimes)
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