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Motherson Sumi Systems to acquire electrical wiring interconnection systems business in Mexico; stock opens 1.01 per cent higher

rishikesh gaikwad / Article rating: 3.3

Motherson Sumi Systems Limited (MSSL) via its Mexican subsidiary, Motherson Rolling Stocks S de RL de CV (MRS), has signed an asset sale and purchase agreement to acquire the electrical wiring interconnection systems (EWIS) business of Bombardier Transportation, Mexico (BT Ensambles México).

Nifty trend for Wednesday and stocks in news: Reliance Industries, Motherson Sumi Systems, Lasa Supergenerics, Cipla and Indo Count Industries

Karan DSIJ / Article rating: 4.8

The zone of 11,789-11,820 would be a crucial support area in the near term while, on the upside, the bulls need to sustain above the level of 11,950 for the continuation of the upmove.