By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News for IndiaNews for IndiaNews for India
  • Home
  • Posts
  • Search Page
  • About us
Reading: Samvardhana Motherson share price jumps after this acquisition update | Stock Market News
Share
Font ResizerAa
News for IndiaNews for India
Font ResizerAa
  • Economics
  • Business
  • Home
  • Categories
    • Business
    • Economics
  • About us
  • Sitemap
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
News for India > Business > Samvardhana Motherson share price jumps after this acquisition update | Stock Market News
Business

Samvardhana Motherson share price jumps after this acquisition update | Stock Market News

Last updated: March 17, 2026 12:36 pm
5 hours ago
Share
SHARE


Contents
Samvardhana Motherson Q3 ResultsSamvardhana Motherson share price today

Shares of Samvardhana Motherson International rose by 2.5% on Tuesday, March 17, after the company provided an update regarding its acquisition strategy aimed at enhancing its international presence.

Through its indirectly owned subsidiary Motherson Global Investments B.V., the company is in the process of acquiring an 81% stake with voting rights in Yutaka Giken Co, along with an 11% stake in Shinnichi Kogyo Co Ltd.

As part of the transaction framework, a crucial step involved the acquisition of complete ownership in Yutaka Autoparts India Private Limited (YAIPL). The company had previously signed a Share Purchase Agreement (SPA) on March 11, 2026, and has now successfully finalized the transaction on March 16, 2026, after meeting all required conditions.

Also Read | Power Mech Projects jumps 5% after bagging ₹710 cr contract from Adani Infra

With the completion of this process, YAIPL has become a fully owned subsidiary of the company, representing an important advancement in strengthening its position in global automotive component markets, said the company in an exchange filing.

Moreover, Samvardhana Motherson International has scheduled a meeting of its Board of Directors on March 19, 2026, to discuss the possibility of declaring an interim dividend for equity shareholders for the fiscal year 2025-26.

The announcement was made on March 12, 2026, following SEBI regulations, with Company Secretary Alok Goel endorsing the official notice that was sent to NSE and BSE.

Also Read | Redington shares fall over 5% as US-Iran war disrupts Gulf subsidiary operations

Samvardhana Motherson Q3 Results

Samvardhana Motherson announced a consolidated net profit of ₹1,024 crore for the third quarter of FY26, reflecting a 16.5% increase compared to the ₹879 crore net profit recorded in Q3 FY25.

During the quarter in question, the company’s revenue from operations grew approximately 14.5% year-on-year to ₹31,409.39 crore. The firm stated that this constitutes its highest quarterly revenue to date, despite existing market uncertainties. EBITDA increased by 10% YoY to reach ₹3,042 crore.

Also Read | Adani Total gas share price crashes over 12% in 2 sessions; here’s why

Samvardhana Motherson share price today

Samvardhana Motherson share price today opened at ₹115.45 apiece on the BSE, the stock touched an intraday high of ₹116 per share, and an intraday low of ₹113.75 per share.

According to Anshul Jain, Head of Research at Lakshmishree, after a four-week corrective phase, Motherson has approached a critical technical juncture, testing its 50-week moving average near 111 — a key medium-term support. The current setup suggests a potential dead cat bounce, with immediate upside toward the 10-day EMA at 119, followed by 121 as the next resistance band.

“However, the broader weekly structure remains consolidative, indicating a lack of strong directional conviction. Volume participation during the bounce will be key to validate strength. Failure to hold above 111 would negate recovery attempts and reopen downside risk.

Near term, traders may watch for range-bound moves with a slight upward bias, while a decisive breakout above 121 could shift momentum in favor of bulls,” said Jain.

Disclaimer: 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.



Source link

You Might Also Like

Access Denied

Stock to buy: Why HDFC Bank is a must-have stock in your portfolio? Explained | Stock Market News

IPO GMPs: Skyways Air IPO vs CMPDI IPO — what grey market premium signals? | Stock Market News

Access Denied

Top Gainers & Losers on Mar 17: Nalco, SAIL, Eternal, Syrma SGS, BSE, TVS Motor, Tata Steel among top gainers | Stock Market News

TAGGED:acquisition strategyautomotive component marketsinternational presencenet profitSamvardhana MothersonSamvardhana Motherson InternationalShare priceYutaka Giken Co
Share This Article
Facebook Twitter Email Print
Previous Article Access Denied
Next Article Access Denied
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

News for IndiaNews for India
© Wealth Wave Designed by Preet Patel. All Rights Reserved.
  • BUSINESS