MINDACORP
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- 6M
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Recent events
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News
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Corporate Actions
Minda Corporation Issues Commercial Paper Worth 1 Billion Rupees
March 21 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION LTD - ISSUES COMMERCIAL PAPER WORTH 1 BILLION RUPEES
Source text: ID:nBSEbdfCV8
Further company coverage: MINC.NS
(([email protected];;))
March 21 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION LTD - ISSUES COMMERCIAL PAPER WORTH 1 BILLION RUPEES
Source text: ID:nBSEbdfCV8
Further company coverage: MINC.NS
(([email protected];;))
Minda Corporation Ltd - Issues Commercial Paper Worth 1.50 Billion Rupees
Minda Corporation Ltd MINC.NS:
MINDA CORPORATION LTD - ISSUES COMMERCIAL PAPER WORTH 1.50 BILLION RUPEES
Source text: ID:nBSE2d51Jm
Further company coverage: MINC.NS
Minda Corporation Ltd MINC.NS:
MINDA CORPORATION LTD - ISSUES COMMERCIAL PAPER WORTH 1.50 BILLION RUPEES
Source text: ID:nBSE2d51Jm
Further company coverage: MINC.NS
Minda Corp Dec-Quarter Consol PAT 648 Million Rupees
Feb 6 (Reuters) - Minda Corporation Ltd MINC.NS:
DEC-QUARTER CONSOL PAT 648 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.53 BILLION RUPEES
Source text: ID:nBSE8dhkTN
Further company coverage: MINC.NS
(([email protected];))
Feb 6 (Reuters) - Minda Corporation Ltd MINC.NS:
DEC-QUARTER CONSOL PAT 648 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.53 BILLION RUPEES
Source text: ID:nBSE8dhkTN
Further company coverage: MINC.NS
(([email protected];))
Minda Corporation Invests 150 Mln Rupees In Spark Minda Green Mobility Systems
Feb 4 (Reuters) - Minda Corporation Ltd MINC.NS:
INVESTED 150 MILLION RUPEES IN SPARK MINDA GREEN MOBILITY SYSTEMS
Source text: ID:nBSE6l9s50
Further company coverage: MINC.NS
(([email protected];;))
Feb 4 (Reuters) - Minda Corporation Ltd MINC.NS:
INVESTED 150 MILLION RUPEES IN SPARK MINDA GREEN MOBILITY SYSTEMS
Source text: ID:nBSE6l9s50
Further company coverage: MINC.NS
(([email protected];;))
Minda Corporation Completes Acquisition Of 49% Stake In Flash Electronics (India)
Jan 17 (Reuters) - Minda Corporation Ltd MINC.NS:
COMPLETED ACQUISITION OF 49% STAKE IN FLASH ELECTRONICS (INDIA)
Source text: [ID:]
Further company coverage: MINC.NS
(([email protected];;))
Jan 17 (Reuters) - Minda Corporation Ltd MINC.NS:
COMPLETED ACQUISITION OF 49% STAKE IN FLASH ELECTRONICS (INDIA)
Source text: [ID:]
Further company coverage: MINC.NS
(([email protected];;))
Minda Corporation To Acquire 49% Stake In Flash Electronics
Jan 15 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION LTD - TO ACQUIRE 49% STAKE IN FLASH ELECTRONICS
MINDA CORPORATION LTD - ACQUISITION COST IS 13.72 BILLION RUPEES
Source text: ID:nBSE4pH8x7
Further company coverage: MINC.NS
(([email protected];;))
Jan 15 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION LTD - TO ACQUIRE 49% STAKE IN FLASH ELECTRONICS
MINDA CORPORATION LTD - ACQUISITION COST IS 13.72 BILLION RUPEES
Source text: ID:nBSE4pH8x7
Further company coverage: MINC.NS
(([email protected];;))
Minda Corporation Incorporates JV Minda-HCMF Technologies
Dec 17 (Reuters) - Minda Corporation Ltd MINC.NS:
INCORPORATES JV MINDA-HCMF TECHNOLOGIES
JV SHAREHOLDING: 50% MINDA CORPORATION, 50% HCMF
JV TO DEVELOP AUTOMOTIVE SUNROOF SOLUTIONS, CLOSURE TECHNOLOGY PRODUCTS
Source text: ID:nNSEbLD3T2
Further company coverage: MINC.NS
(([email protected];;))
Dec 17 (Reuters) - Minda Corporation Ltd MINC.NS:
INCORPORATES JV MINDA-HCMF TECHNOLOGIES
JV SHAREHOLDING: 50% MINDA CORPORATION, 50% HCMF
JV TO DEVELOP AUTOMOTIVE SUNROOF SOLUTIONS, CLOSURE TECHNOLOGY PRODUCTS
Source text: ID:nNSEbLD3T2
Further company coverage: MINC.NS
(([email protected];;))
Minda Corporation Says Sept-Quarter Consol PAT At 743.4 Million Rupees
Nov 12 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION SEPT-QUARTER CONSOL PAT 743.4 MILLION RUPEES
MINDA CORPORATION SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 12.9 BILLION RUPEES
Source text: ID:nBSE4P9NCR
Further company coverage: MINC.NS
(([email protected];))
Nov 12 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION SEPT-QUARTER CONSOL PAT 743.4 MILLION RUPEES
MINDA CORPORATION SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 12.9 BILLION RUPEES
Source text: ID:nBSE4P9NCR
Further company coverage: MINC.NS
(([email protected];))
Minda Corporation Issues Commercial Paper Aggregating To 500 Mln Rupees
Sept 24 (Reuters) - Minda Corporation Ltd MINC.NS:
ISSUED COMMERCIAL PAPER AGGREGATING TO 500 MILLION RUPEES
Source text for Eikon: ID:nnAPN24Q5E2
Further company coverage: MINC.NS
(([email protected];;))
Sept 24 (Reuters) - Minda Corporation Ltd MINC.NS:
ISSUED COMMERCIAL PAPER AGGREGATING TO 500 MILLION RUPEES
Source text for Eikon: ID:nnAPN24Q5E2
Further company coverage: MINC.NS
(([email protected];;))
Minda Corporation To Raise Funds Worth Upto 10 Bln Rupees
Sept 12 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION LTD - TO RAISE FUNDS WORTH UPTO 10 BILLION RUPEES
Source text for Eikon: ID:nBSE56SjYF
Further company coverage: MINC.NS
(([email protected];))
Sept 12 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION LTD - TO RAISE FUNDS WORTH UPTO 10 BILLION RUPEES
Source text for Eikon: ID:nBSE56SjYF
Further company coverage: MINC.NS
(([email protected];))
Minda Corporation Enters Into Agreement With Sanco Connecting Technology
Sept 4 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION - ENTERED INTO AGREEMENT WITH SANCO CONNECTING TECHNOLOGY
MINDA CORP -SIGNS AGREEMENT WITH SANCO FOR ELECTRICAL DISTRIBUTION SYSTEMS SOLUTIONS FOR EV MARKET
Source text for Eikon: ID:nBSE6H4BQ2
Further company coverage: MINC.NS
(([email protected];))
Sept 4 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION - ENTERED INTO AGREEMENT WITH SANCO CONNECTING TECHNOLOGY
MINDA CORP -SIGNS AGREEMENT WITH SANCO FOR ELECTRICAL DISTRIBUTION SYSTEMS SOLUTIONS FOR EV MARKET
Source text for Eikon: ID:nBSE6H4BQ2
Further company coverage: MINC.NS
(([email protected];))
Minda Corporation Signed A Joint Venture Agreement With Hsin Chong Machinery Works
June 14 (Reuters) - Minda Corporation Ltd MINC.NS:
SIGNED A JOINT VENTURE AGREEMENT WITH HSIN CHONG MACHINERY WORKS
JV FOR MANUFACTURING OF AUTOMOTIVE SUNROOF SOLUTIONS AND CLOSURE TECHNOLOGY PRODUCTS FOR PASSENGER CARS
CO SHALL HOLD 50% SHAREHOLDING IN JV
Further company coverage: MINC.NS
(([email protected];))
June 14 (Reuters) - Minda Corporation Ltd MINC.NS:
SIGNED A JOINT VENTURE AGREEMENT WITH HSIN CHONG MACHINERY WORKS
JV FOR MANUFACTURING OF AUTOMOTIVE SUNROOF SOLUTIONS AND CLOSURE TECHNOLOGY PRODUCTS FOR PASSENGER CARS
CO SHALL HOLD 50% SHAREHOLDING IN JV
Further company coverage: MINC.NS
(([email protected];))
India's Samvardhana Motherson ends at near 3-year high on Q4 profit beat
** Shares of Samvardhana Motherson SAMD.NS ends 4% higher at 147.7 rupees, highest since June 2021
** Auto parts maker beats Q4 profit estimates
** Stock up 45% YTD, outperforming ~10% gains in rival Minda Corp MINC.NS and 9% gains in S&P BSE 200 .BSE200
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
** Shares of Samvardhana Motherson SAMD.NS ends 4% higher at 147.7 rupees, highest since June 2021
** Auto parts maker beats Q4 profit estimates
** Stock up 45% YTD, outperforming ~10% gains in rival Minda Corp MINC.NS and 9% gains in S&P BSE 200 .BSE200
(Reporting by Sethuraman NR in Bengaluru)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
India's Minda Corp falls on Q4 profit fall
** Shares of Minda Corporation MINC.NS down 2.5% at 415.55 rupees
** Auto-parts maker's Q4 consol profit after tax falls ~42% y/y to 707.5 mln rupees ($8.5 mln) as total expenses surge 12%
** Stock on track to log ~2% weekly losses, snapping four straight weeks of gains
($1 = 83.2310 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Minda Corporation MINC.NS down 2.5% at 415.55 rupees
** Auto-parts maker's Q4 consol profit after tax falls ~42% y/y to 707.5 mln rupees ($8.5 mln) as total expenses surge 12%
** Stock on track to log ~2% weekly losses, snapping four straight weeks of gains
($1 = 83.2310 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Minda Corporation March-Quarter Consol PAT Falls
May 22 (Reuters) - Minda Corporation Ltd MINC.NS:
INDIA'S MINDA CORPORATION - MARCH-QUARTER CONSOL PAT 707.5 MILLION RUPEES VERSUS 1.22 BILLION RUPEES
MINDA CORPORATION -MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.15 BILLION RUPEES VERSUS 10.75 BILLION RUPEES
Source text for Eikon: ID:nBSE2S3tRL
Further company coverage: MINC.NS
(([email protected];))
May 22 (Reuters) - Minda Corporation Ltd MINC.NS:
INDIA'S MINDA CORPORATION - MARCH-QUARTER CONSOL PAT 707.5 MILLION RUPEES VERSUS 1.22 BILLION RUPEES
MINDA CORPORATION -MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.15 BILLION RUPEES VERSUS 10.75 BILLION RUPEES
Source text for Eikon: ID:nBSE2S3tRL
Further company coverage: MINC.NS
(([email protected];))
India's Competition Regulator Approves Acquisition Of Up To 8.79% Stake Of Pricol By Minda Corp
Feb 20 (Reuters) -
INDIA'S COMPETITION COMMISSION APPROVES ACQUISITION OF UP TO 8.79% STAKE OF PRICOL LIMITED BY MINDA CORPORATION
(([email protected];))
Feb 20 (Reuters) -
INDIA'S COMPETITION COMMISSION APPROVES ACQUISITION OF UP TO 8.79% STAKE OF PRICOL LIMITED BY MINDA CORPORATION
(([email protected];))
Minda Corporation Says Spark Minda Enters Into Strategic Alliance With Global Japanese Player
Feb 12 (Reuters) - Minda Corporation Ltd MINC.NS:
SPARK MINDA ENTERS INTO STRATEGIC ALLIANCE WITH GLOBAL JAPANESE PLAYER
SPARK MINDA ENTERS INTO STRATEGIC ALLIANCE FOR MANUFACTURING OF SMART VEHICLE ACCESS SYSTEMS
AWARDED SIGNIFICANT ORDER FOR LEADING 2W OEM IN INDIA TO MANUFACTURE SMART KEY SYSTEMS
Source text for Eikon: ID:nBSE4xDBBL
Further company coverage: MINC.NS
(([email protected];))
Feb 12 (Reuters) - Minda Corporation Ltd MINC.NS:
SPARK MINDA ENTERS INTO STRATEGIC ALLIANCE WITH GLOBAL JAPANESE PLAYER
SPARK MINDA ENTERS INTO STRATEGIC ALLIANCE FOR MANUFACTURING OF SMART VEHICLE ACCESS SYSTEMS
AWARDED SIGNIFICANT ORDER FOR LEADING 2W OEM IN INDIA TO MANUFACTURE SMART KEY SYSTEMS
Source text for Eikon: ID:nBSE4xDBBL
Further company coverage: MINC.NS
(([email protected];))
Minda Corporation Posts Dec-Quarter Consol Pat 524.9 Million Rupees
Feb 1 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION DEC-QUARTER CONSOL PAT 524.9 MILLION RUPEES VERSUS 522.6 MILLION RUPEES
MINDA CORPORATION DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.66 BILLION RUPEES VERSUS 10.68 BILLION RUPEES
Source text for Eikon: ID:nBSE6w3vMG
Further company coverage: MINC.NS
(([email protected];))
Feb 1 (Reuters) - Minda Corporation Ltd MINC.NS:
MINDA CORPORATION DEC-QUARTER CONSOL PAT 524.9 MILLION RUPEES VERSUS 522.6 MILLION RUPEES
MINDA CORPORATION DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.66 BILLION RUPEES VERSUS 10.68 BILLION RUPEES
Source text for Eikon: ID:nBSE6w3vMG
Further company coverage: MINC.NS
(([email protected];))
Minda Corporation Says Co Sold 19.1 Million Shares Of Pricol Representing 15.70406% Of Pricol
Jan 17 (Reuters) - Minda Corporation Ltd MINC.NS:
CO SOLD 19.1 MILLION SHARES OF PRICOL REPRESENTING 15.70406% OF PRICOL'S TOTAL ISSUED AND PAID-UP EQUITY SHARE CAPITAL
CASH CONSIDERATION AT GROSS PRICE OF 343.60 RUPEES PER EQUITY SHARE
Source text for Eikon: ID:nNSE6HP6b
Further company coverage: MINC.NS
(([email protected];))
Jan 17 (Reuters) - Minda Corporation Ltd MINC.NS:
CO SOLD 19.1 MILLION SHARES OF PRICOL REPRESENTING 15.70406% OF PRICOL'S TOTAL ISSUED AND PAID-UP EQUITY SHARE CAPITAL
CASH CONSIDERATION AT GROSS PRICE OF 343.60 RUPEES PER EQUITY SHARE
Source text for Eikon: ID:nNSE6HP6b
Further company coverage: MINC.NS
(([email protected];))
Minda Corporation Unit Gets Order For GST Amounting To 678.2 Million Rupees
Jan 1 (Reuters) - Minda Corporation Ltd MINC.NS:
UNIT GETS ORDER FOR GST AMOUNTING TO 678.2 MILLION RUPEES
Further company coverage: MINC.NS
(([email protected];))
Jan 1 (Reuters) - Minda Corporation Ltd MINC.NS:
UNIT GETS ORDER FOR GST AMOUNTING TO 678.2 MILLION RUPEES
Further company coverage: MINC.NS
(([email protected];))
Toyoda Gosei Co Ltd: Expanded Airbag Development Center In Haryana, India, Plan To Double Number Of Engineers In The Coming Years
Dec 28 (Reuters) - Toyoda Gosei Co Ltd 7282.T:
TOYODA GOSEI CO LTD - EXPANDED AIRBAG DEVELOPMENT CENTER IN HARYANA, INDIA, PLAN TO DOUBLE NUMBER OF ENGINEERS IN THE COMING YEARS
Source text for Eikon: ID:nTSxb7c7a0
Further company coverage: 7282.T
Dec 28 (Reuters) - Toyoda Gosei Co Ltd 7282.T:
TOYODA GOSEI CO LTD - EXPANDED AIRBAG DEVELOPMENT CENTER IN HARYANA, INDIA, PLAN TO DOUBLE NUMBER OF ENGINEERS IN THE COMING YEARS
Source text for Eikon: ID:nTSxb7c7a0
Further company coverage: 7282.T
India's Minda Corp hits record high
** Shares of automotive parts maker Minda Corporation MINC.NS rise as much as 11.7% to a record high of 375.4 rupees
** Stock set to rise most in a month since April, if gains hold
** The Moving Average Convergence Divergence (MACD) line moved above the signal line on Wednesday, suggesting bullish bias - LSEG data
** Trading vol was 6.3x the 30-day daily avg, topping 8 mln for the first time and highest since Jan 4, 2022
** Avg rating of the 5 analysts on MINC is "buy" and median PT is 297 rupees - LSEG data
** Stock closed 11% higher, extending YTD gains to 81.9%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
** Shares of automotive parts maker Minda Corporation MINC.NS rise as much as 11.7% to a record high of 375.4 rupees
** Stock set to rise most in a month since April, if gains hold
** The Moving Average Convergence Divergence (MACD) line moved above the signal line on Wednesday, suggesting bullish bias - LSEG data
** Trading vol was 6.3x the 30-day daily avg, topping 8 mln for the first time and highest since Jan 4, 2022
** Avg rating of the 5 analysts on MINC is "buy" and median PT is 297 rupees - LSEG data
** Stock closed 11% higher, extending YTD gains to 81.9%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
India's Minda Corp up on Q2 rev, profit rise
** Shares of India's Minda Corp MINC.NS up as much as 4.03% at 351 rupees, highest since Oct. 23
** Automotive parts maker's consol rev from ops rises more than 4% to 11.96 bln rupees ($143.66 million), while profit after tax inched up 1.7%
** Co's core profit margin also rose 18 bps to 11% in the qtr
** More than 1.7 mln shares changed hands by 11:23 a.m. IST, 1.4x 30-day avg
** Mean recommendation of 5 analysts eyeing the stock is equivalent to "buy"; median PT is 296 rupees - LSEG data
** Stock last up about 2%, taking YTD gains to ~68%
($1 = 83.2550 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Minda Corp MINC.NS up as much as 4.03% at 351 rupees, highest since Oct. 23
** Automotive parts maker's consol rev from ops rises more than 4% to 11.96 bln rupees ($143.66 million), while profit after tax inched up 1.7%
** Co's core profit margin also rose 18 bps to 11% in the qtr
** More than 1.7 mln shares changed hands by 11:23 a.m. IST, 1.4x 30-day avg
** Mean recommendation of 5 analysts eyeing the stock is equivalent to "buy"; median PT is 296 rupees - LSEG data
** Stock last up about 2%, taking YTD gains to ~68%
($1 = 83.2550 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
India's Minda Corporation Sept-Qtr Consol PAT Rises
Nov 2 (Reuters) - Minda Corporation Ltd MINC.NS:
INDIA'S MINDA CORPORATION LTD SEPT-QUARTER CONSOL PAT 587.7 MILLION RUPEES VERSUS PROFIT 578.1 MILLION RUPEES
MINDA CORPORATION LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.96 BILLION RUPEES VERSUS 11.47 BILLION RUPEES
Source text for Eikon: ID:nBSE1NW3G9
Further company coverage: MINC.NS
(([email protected];;))
Nov 2 (Reuters) - Minda Corporation Ltd MINC.NS:
INDIA'S MINDA CORPORATION LTD SEPT-QUARTER CONSOL PAT 587.7 MILLION RUPEES VERSUS PROFIT 578.1 MILLION RUPEES
MINDA CORPORATION LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.96 BILLION RUPEES VERSUS 11.47 BILLION RUPEES
Source text for Eikon: ID:nBSE1NW3G9
Further company coverage: MINC.NS
(([email protected];;))
India's Minda Corp hits record high on block deals
** Shares of Minda Corporation Ltd MINC.NS rise as much as 5.4% to an all time high of 326.1 rupees
** About 1.88 mln shares of the auto-component maker changed hands in five block deals as of 2:00 p.m. IST - Refinitiv data
** Trading volume at ~4.9 mln shares, 5x the 30-day avg of ~970,000 shares as of 2:00 p.m. IST
** Average rating of seven analysts covering stock at equivalent of 'buy'; median PT is 296 rupees - Refinitiv data
** Stock up ~59% so far this year
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Minda Corporation Ltd MINC.NS rise as much as 5.4% to an all time high of 326.1 rupees
** About 1.88 mln shares of the auto-component maker changed hands in five block deals as of 2:00 p.m. IST - Refinitiv data
** Trading volume at ~4.9 mln shares, 5x the 30-day avg of ~970,000 shares as of 2:00 p.m. IST
** Average rating of seven analysts covering stock at equivalent of 'buy'; median PT is 296 rupees - Refinitiv data
** Stock up ~59% so far this year
(Reporting by Biplob Kumar Das in Bengaluru)
Pricol Says High Court Vacated Interim Injunction Order Passed On May 24
July 12 (Reuters) -
HIGH COURT VACATED INTERIM INJUNCTION ORDER PASSED ON 24TH MAY
Source text for Eikon: ID:nBSE5BCDVb
Further company coverage: MINC.NS
(([email protected];))
July 12 (Reuters) -
HIGH COURT VACATED INTERIM INJUNCTION ORDER PASSED ON 24TH MAY
Source text for Eikon: ID:nBSE5BCDVb
Further company coverage: MINC.NS
(([email protected];))
Minda Corporation Secures Contract To Produce Battery Chargers For Electric Vehicles
July 11 (Reuters) - Minda Corporation Ltd MINC.NS:
SECURED A SIGNIFICANT CONTRACT FROM A LEADING OEM TO PRODUCE BATTERY CHARGERS FOR ELECTRIC VEHICLES
LIFETIME VALUE OF ORDER IS 7.50 BILLION RUPEES
Source text for Eikon: ID:nBSE6BfSYZ
Further company coverage: MINC.NS
(([email protected];))
July 11 (Reuters) - Minda Corporation Ltd MINC.NS:
SECURED A SIGNIFICANT CONTRACT FROM A LEADING OEM TO PRODUCE BATTERY CHARGERS FOR ELECTRIC VEHICLES
LIFETIME VALUE OF ORDER IS 7.50 BILLION RUPEES
Source text for Eikon: ID:nBSE6BfSYZ
Further company coverage: MINC.NS
(([email protected];))
India's Minda Corporation rises on bulk deal
** Shares of Minda Corporation MINC.NS rise as much as 3% to 293 rupees
** Societe Generale bought 1.7 mln shares of the automotive components maker at 281 rupees per share on Tuesday, according to BSE bulk deal data
** Over 653,000 shares change hands in early trading, 0.5 times the 30-day avg - Refinitiv data
** Of the seven analysts tracking MINC, four maintain "strong buy", one suggests "buy" and two recommend "hold"; median TP is 297 rupees - Refinitiv data
** As of last close, MINC stock up 39.1% YTD
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Minda Corporation MINC.NS rise as much as 3% to 293 rupees
** Societe Generale bought 1.7 mln shares of the automotive components maker at 281 rupees per share on Tuesday, according to BSE bulk deal data
** Over 653,000 shares change hands in early trading, 0.5 times the 30-day avg - Refinitiv data
** Of the seven analysts tracking MINC, four maintain "strong buy", one suggests "buy" and two recommend "hold"; median TP is 297 rupees - Refinitiv data
** As of last close, MINC stock up 39.1% YTD
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
India's Minda Corporation gains on block deal
** Shares of Minda Corporation MINC.NS rise as much as 4.86% to 292.30 rupees
** Uptick after 361,898 shares of automotive components maker change hands in a block as of 11:37 a.m IST, at a price of 285.50 rupees per share
** Trading volume is 1.60 mln shares as of 11:37 a.m. IST, 1.4 times the 30-day avg - Refinitiv data
** Of the seven analysts tracking MINC, four maintain "strong buy", one suggests "buy" and two recommend "hold"; median TP is 297 rupees
** Stock up 42.61% in 2023 so far, compared to nearly 4% rise in Nifty 50 index .NSEI
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Minda Corporation MINC.NS rise as much as 4.86% to 292.30 rupees
** Uptick after 361,898 shares of automotive components maker change hands in a block as of 11:37 a.m IST, at a price of 285.50 rupees per share
** Trading volume is 1.60 mln shares as of 11:37 a.m. IST, 1.4 times the 30-day avg - Refinitiv data
** Of the seven analysts tracking MINC, four maintain "strong buy", one suggests "buy" and two recommend "hold"; median TP is 297 rupees
** Stock up 42.61% in 2023 so far, compared to nearly 4% rise in Nifty 50 index .NSEI
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Minda Corporation Approves Proposal Of Raising Of Funds
June 2 (Reuters) - Minda Corporation Ltd MINC.NS:
APPROVED PROPOSAL OF RAISING OF FUNDS
APPROVED PROPOSAL OF RAISING OF FUNDS UP TO 6 BILLION RUPEES
Source text for Eikon: ID:nBSE6qLR5L
Further company coverage: MINC.NS
(([email protected];;))
June 2 (Reuters) - Minda Corporation Ltd MINC.NS:
APPROVED PROPOSAL OF RAISING OF FUNDS
APPROVED PROPOSAL OF RAISING OF FUNDS UP TO 6 BILLION RUPEES
Source text for Eikon: ID:nBSE6qLR5L
Further company coverage: MINC.NS
(([email protected];;))
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What does Minda Corporation do?
Minda Corporation Limited is a global supplier of automotive parts including security systems, door systems, electric controllers, plastic interiors, and die casting parts for 2-wheelers, 3-wheelers, and Off Road vehicles. They export internationally to USA, UK, Europe, South East Asia, and ASEAN countries.
Who are the competitors of Minda Corporation?
Minda Corporation major competitors are Suprajit Engineering, Remsons Inds, Motherson Sumi Wirin, JBM Auto, Gabriel India, Banco Products (I), Lumax Auto Tech. Market Cap of Minda Corporation is ₹13,387 Crs. While the median market cap of its peers are ₹7,985 Crs.
Is Minda Corporation financially stable compared to its competitors?
Minda Corporation seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Minda Corporation pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Minda Corporation latest dividend payout ratio is 14.73% and 3yr average dividend payout ratio is 12.42%
How has Minda Corporation allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Accounts Receivable
How strong is Minda Corporation balance sheet?
Balance sheet of Minda Corporation is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Minda Corporation improving?
The profit is oscillating. The profit of Minda Corporation is ₹239 Crs for TTM, ₹227 Crs for Mar 2024 and ₹284 Crs for Mar 2023.
Is the debt of Minda Corporation increasing or decreasing?
Yes, The net debt of Minda Corporation is increasing. Latest net debt of Minda Corporation is ₹1,248 Crs as of Mar-25. This is greater than Mar-24 when it was -₹35.7 Crs.
Is Minda Corporation stock expensive?
Yes, Minda Corporation is expensive. Latest PE of Minda Corporation is 52.42, while 3 year average PE is 33.96. Also latest EV/EBITDA of Minda Corporation is 25.46 while 3yr average is 16.85.
Has the share price of Minda Corporation grown faster than its competition?
Minda Corporation has given lower returns compared to its competitors. Minda Corporation has grown at ~42.24% over the last 3yrs while peers have grown at a median rate of 53.15%
Is the promoter bullish about Minda Corporation?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Minda Corporation is 64.84% and last quarter promoter holding is 64.84%.
Are mutual funds buying/selling Minda Corporation?
The mutual fund holding of Minda Corporation is decreasing. The current mutual fund holding in Minda Corporation is 15.09% while previous quarter holding is 15.32%.