Our long term portfolio is performing reasonably.
Adding Motherson Sumi: The Fallen Angel Closing Price: 290
Motherson Sumi is an auto ancillary company, mainly in production of automotive wiring harnesses, mirrors for passenger cars and also supplies plastic components and modules to the automotive industry. The company was formed by the joint venture of Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan). It has a global presence and is a leading manufacturer of instrument panels, bumpers and door trims in Europe.
Motherson Sumi became a dominant player globally by acquiring Visiocorp in 2009 and Peguform in 2011 . . .