Minda Corporation rises on bagging order for manufacturing of Smart Vehicle Access Systems
Minda Corporation is currently trading at Rs. 401.95, up by 3.35 points or 0.84% from its previous closing of Rs. 398.60 on the BSE.
The scrip opened at Rs. 396.45 and has touched a high and low of Rs. 403.45 and Rs. 386.95 respectively. So far 23828 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 420.10 on 07-Feb-2024 and a 52 week low of Rs. 187.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 420.10 and Rs. 386.95 respectively. The current market cap of the company is Rs. 9645.66 crore.
The promoters holding in the company stood at 64.84%, while Institutions and Non-Institutions held 20.54% and 14.62% respectively.
Minda Corporation, the flagship company of Spark Minda, has entered into a strategic alliance with Global Japanese Player for manufacturing of Smart Vehicle Access Systems. The awarded products will be manufactured at Spark Minda's state-of-the-art facility in Pune.
The partnership is in phase 1 which is for manufacturing and underlines Spark Minda's commitment towards enabling unique and customised solutions backed by cutting-edge technology to enhance user experience and comfort. With increasing customer expectations for product premiumization, this partnership will strengthen company’s leadership position as a future-ready organization in the area of vehicle access.
Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.
