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Goldman Sachs purchases 6.54 million shares, sending Samvardhana Motherson's stock soaring
Samvardhana Motherson International shares jumped almost 3 per cent on Wednesday following Goldman Sachs (Singapore) Pte buying a significant stake in the auto component giant. The global investment firm bought 6.54 million shares through an open market deal, investing Rs 87 crore in the company. The shares were purchased at an average price of Rs 132.7 per share, according to BSE block deal data.
After the transaction, Samvardhana Motherson stock rose 2.82 per cent to an intraday high of Rs 135.1 per share before closing at Rs 134.4, up 2.2 per cent. This increase came despite overall weakness in the market, with Nifty 50 down 0.13 per cent.
Samvardhana Motherson shares have risen more than 15 per cent from their March lows of Rs 115.8, although they are still down 13 per cent in 2025. The stock has a total market capitalisation of Rs 94,986.98 crore as per BSE data.
As Goldman Sachs upped its stake in the firm, Hong Kong-based asset manager Kadensa Capital shed its holding. Kadensa Master Fund sold the identical 6.54 million shares at the same average of Rs 132.7 a share, indicating a change in institutional holding.
Samvardhana Motherson is also one of the world's largest automotive component manufacturing companies, originally called Motherson Sumi Systems Limited. It supplies Original Equipment Manufacturers (OEMs) like Maruti Suzuki and Mercedes-Benz, making it more established in the automobile industry.
In February, the firm signed a joint venture with Japan's Sanko to offer eco-friendly packaging solutions in India and Europe. The partnership is intended to improve material handling efficiencies and lower logistics expenses.
In spite of its international presence, Samvardhana Motherson's Q3 FY25 results were disappointing. Samvardhana Motherson reported a consolidated profit of Rs 878.9 crore, which was below analysts' projections, hurt by soft global car sales.
With Goldman Sachs' support and expansion plans in position, investors will be keenly monitoring Samvardhana Motherson's future performance in the auto component sector.