Samvardhana Motherson Shares Rise After Acquisition Update and Quarterly Results

Shares of Samvardhana Motherson International Ltd rose by 1.33% to Rs 114.7, following an update on its acquisition strategy. The company completed the acquisition of full ownership in Yutaka Autoparts India Pvt Ltd and is acquiring stakes in Yutaka Giken Co and Shinnichi Kogyo Co Ltd to expand its global presence. Despite a recent one-month decline of 12.61%, the firm reported a 14.5% year-on-year revenue increase to Rs 31,409.39 crore and a 10% rise in EBITDA for the quarter. A board meeting is scheduled to consider an interim dividend.