1:2 Bonus Shares Alert By Motherson Sumi Wiring India; July 18 Fixed As Record Date; Why The Stock Is A Buy?

One of the top and rapidly expanding full-system solutions suppliers to OEMs in India's wire harness market is Motherson Sumi Wiring India. After the company's board of directors announced the record date for 1:2 bonus shares, Motherson Sumi Wiring India's shares finished Tuesday, July 8, 3.93% higher on the NSE at Rs 64.50 per share with a market capitalization of Rs 28.56KCr.

Motherson Sumi Wiring India Bonus Shares

"This is with reference to our letter dated May 29, 2025 in respect of a recommendation made by the Board of Directors of the Company for issue of bonus shares to the shareholders in the ratio of 1 (one) bonus equity share against 2 (two) existing equity shares, subject to the approval of the shareholders. Kindly note that the shareholders of the Company have approved aforesaid issue of bonus shares by passing an Ordinary Resolution by means of Postal Ballot, results of which have been declared by the Company today i.e. July 7, 2025," said Motherson Sumi Wiring India in a stock exchange filing on 7th July.

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed July 18, 2025 as 'Record Date', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares by the Company. Further, in accordance with SEBI circular no. CIR/CFD/PoD/2024/122 dated September 16, 2024, the deemed date of allotment of Bonus Shares shall be Monday, July 21, 2025, and these Bonus Shares will be made available for trading on the next working day of allotment i.e. Tuesday, July 22, 2025," the company further informed stock exchanges.

Motherson Sumi Wiring India Share Price Target

" MSUMI is currently trading at ₹64 and has recently completed a Rounding Bottom pattern, followed by a breakout with strong volumes-indicating rising bullish sentiment and potential trend reversal. If the price sustains above ₹64.9, it has the potential to move toward ₹70 and ₹72.5 in the near term. Technically, the stock is trading above all key EMAs (20, 50, 100, and 200), reflecting strength across all timeframes," said Mandar Bhojane - Senior Equity Research Analyst at Choice Broking.

"The RSI stands at 72.8, indicating strong momentum, though approaching overbought territory-still a sign of active buying interest. Immediate support is placed near ₹62, and any dip toward this level could be seen as a buying opportunity. For prudent risk management, a stop-loss at ₹60.5 is recommended. Overall, the breakout structure and technical indicators point toward continued upside potential, making MSUMI attractive for short to medium-term traders," the analyst further added.

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