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Stock Market Live: Indian markets traded in the green on Monday after giving up some gains as index heavyweights RIL and Bhati Airtel turned negative ahead of the AGR hearing. Meanwhile, IT and FMCG indices capped losses rising around 0.8 percent each.
After a strong run of many years, the Motherson group stands at the cusp of a reorganization, which threatens to expose some of the chinks in its armour.
The story of Motherson Sumi Systems–the $9 billion India listed company of the $11.3 billion Motherson group–is one of grit and determination. These qualities have transformed the company from a supplier of wiring harnesses for the Maruti 800 in 1983, to a global tier-1 supplier to the best automobile brands in the world, including the likes of Daimler, Audi, Volkswagen, Renault and, of course, Maruti Suzuki.