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Bharat Forge Ltd gained 2.65% today to trade at Rs 1146.75. The BSE Auto index is up 0.41% to quote at 50264.91. The index is up 5.37 % over last one month. Among the other constituents of the index, Uno Minda Ltd increased 2.39% and Samvardhana Motherson International Ltd added 2.11% on the day. The BSE Auto index went up 0.11 % over last one year compared to the 7.67% surge in benchmark SENSEX.
Bharat Forge Ltd has lost 1.72% over last one month compared to 5.37% gain in BSE Auto index and 3.85% rise in the SENSEX. On the BSE, 4629 shares were traded in the counter so far compared with average daily volumes of 60853 shares in the past one month. The stock hit a record high of Rs 1826.2 on 21 Jun 2024. The stock hit a 52-week low of Rs 919.1 on 07 Apr 2025.
Samvardhana Motherson International Ltd gained 8.04% today to trade at Rs 127.6. The BSE Auto index is up 2.72% to quote at 47307.61. The index is up 2.29 % over last one month. Among the other constituents of the index, Bharat Forge Ltd increased 5.29% and Tata Motors Ltd added 4.19% on the day. The BSE Auto index went down 4.03 % over last one year compared to the 4.37% surge in benchmark SENSEX.
Samvardhana Motherson International Ltd has added 4.8% over last one month compared to 2.29% gain in BSE Auto index and 3.77% rise in the SENSEX. On the BSE, 3.83 lakh shares were traded in the counter so far compared with average daily volumes of 11.1 lakh shares in the past one month. The stock hit a record high of Rs 217 on 27 Sep 2024. The stock hit a 52-week low of Rs 107.3 on 07 Apr 2025.
Samvardhana Motherson International announced that the company being a sustainable solutions provider is committed to support and create value for its stakeholders and has completed 23 acquisitions since 2020 making substantial investments globally.
The evolving and dynamic automotive production environment with increased complexity across the supply chain and regulatory uncertainties are driving global volatilities. To be prepared to operate in this evolving landscape and to breathe with the market, the company through its subsidiary SMRP BV, has proactively initiated a series of transformative measures in Central & Western Europe.
The series of strategic measures would include various operational initiatives and active engagement and collaboration with the local workmen representative associations and will work on defining an optimization plan for adjusting and recalibrating the workforce in respective countries.
The proposed transformative measures will be implemented in a phased manner and would be targeting optimization of a cost block of approx. EUR 50 Mn per annum once fully executed over the next three years. The cost block under optimization includes various elements such as salary, benefits, overheads, cost of leased / contract employees etc.
This transformative effort aims to address the changing supply chain landscape and implement necessary changes while ensuring uninterrupted customer supplies.
SMGOF will focus on providing business consultancy and continuity services to the group’s companies, with a key emphasis on risk management activities and consultancy services.
The company did not disclose the authorized or paid-up capital of the newly formed entity. The incorporation was officially completed on 8 April 2025.
The entire share capital of SMGOF, 100%, will be held by MSSL Mideast FZE.
The official announcement was made on 8 April 2025, after market hours.
SAMIL is one of the world’s leading specialized automotive component manufacturing companies for OEMs. It is currently the largest auto ancillary in India and is ranked among the top 15 automotive suppliers worldwide.
The company’s consolidated net profit surged 62.1% to Rs 878.63 crore in Q3 FY25 as against Rs 541.96 crore posted in Q3 FY24. Revenue from operations rose 7% to Rs 27,231.61 crore in the quarter ended 31 December 2024.
The scrip slipped 1.78% to Rs 112.95 on the BSE.