Motherson Sumi Announces Dividend; Bullish Reversal Signals A Potential Upside—What Traders Should Watch?

A prominent supplier of wire harness solutions to original equipment manufacturers (OEMs) in India, Motherson Sumi Wiring India Limited (MSWIL) is a joint venture between Samvardhana Motherson International Limited (SAMIL) and Sumitomo Wiring Systems, Ltd. (SWS). Motherson is India's leading source for wire harness solutions. a top producer of wiring harnesses with access to cutting-edge technologies. The Board announced and set the record date for the FY25 interim dividend, and Motherson Sumi Wiring India's shares closed Monday's trading session 3.26% higher on the NSE at Rs 55.99 per share, with a market capitalization of Rs 24.69KCr.

Motherson Sumi Wiring India Dividend

"Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), this is to inform that the Board of Directors of the Company in its meeting held on Friday, March 21, 2025, inter-alia, has approved declaration of Interim Dividend of Re. 0.50 (Fifty paise only) per equity share (face value of INR 1/- each) for the financial year 2024-25 on the Equity Shares of the Company," said Motherson Sumi Wiring India in a stock exchange filing.

The Board of Directors has fixed "Record Date" for the purpose of payment of interim dividend as March 28, 2025 according to Motherson Sumi Wiring India.

"The Interim Dividend shall be paid within the stipulated time in accordance with the law/regulation to the equity shareholders of the Company, whose name appears on the Register of Members of the Company or in the records of the Depositories as beneficial owners of Equity Shares as on the Record Date fixed for this purpose," Motherson Sumi Wiring India further informed stock exchanges.

Motherson Sumi Wiring India Financials

For the third quarter ending December 31, 2024, Motherson Sumi Wiring India Ltd, a manufacturer of auto components, reported a 16.6% year-on-year (YoY) drop in net profit at Rs 140 crore. The firm reported a net profit of Rs 167.9 crore during the third quarter of FY24. Its net revenue rose 8.8% to Rs 2,300.3 crore from Rs 2,114.5 crore during the same period in the previous fiscal year. In the third quarter of FY25, EBITDA plummeted 9.3% to Rs 237.7 crore from Rs 262 crore in Q3FY24. The EBITDA margin was 10.3% in Q3FY25 as opposed to 12.4% during the same period last year.

Motherson Sumi Wiring India Share Price Target

Hardik Matalia - Derivative Analyst at Choice Broking said, "MSUMI is currently trading at ₹55.96, having witnessed a sharp decline of nearly 42% before finding support and forming a potential reversal pattern. The stock has broken out of a consolidation range by forming a rounding bottom pattern, signaling renewed strength and a shift in trend. A sustained breakout from this structure could indicate a strong bullish reversal."

"On the technical front, MSUMI has surpassed its short-term (20-day) and medium-term (50-day) EMAs, confirming improving momentum. A breakout above its long-term (200-day) EMA would further reinforce bullish sentiment. The Relative Strength Index (RSI) is at 68.10, trending upwards, suggesting increasing strength and positive market sentiment," the analyst added.

"If MSUMI manages to hold above ₹60, it could confirm the trend reversal and open the door for further upside, potentially moving towards the ₹70-₹80 range in the near term. For short-term traders, buying above a confirmed breakout above ₹60 presents an opportunity to capitalize on the emerging bullish momentum. Long-term investors can consider accumulating at current levels and adding on dips, given the strengthening technical structure and improving outlook," Hardik Matalia further guided the traders.

Disclaimer

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