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Minda Corporation shines on bagging contract worth Rs 750 crore Minda Corporation is currently trading at Rs. 305.30, up by 13.80 points or 4.73% from its previous closing of Rs. 291.50 on the BSE. The scrip opened at Rs. 289.00 and has touched a high and low of Rs. 307.75 and Rs. 289.00 respectively. So far 123855 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 307.75 on 11-Jul-2023 and a 52 week low of Rs. 187.00 on 28-Mar-2023. Last one week high and low of the scrip stoo...
Minda Corporation shines on bagging contract worth Rs 750 crore
Minda Corporation shines on bagging contract worth Rs 750 crore
Source: Accord Fintech
11/07/2023 11:19:47 AM
Buy UNO Minda Ltd For Target Rs. 601 - Geojit Financial Services Ltd Increase in kit value per vehicle. UNO Minda Ltd. (UML) is a diversified auto ancillary supplier, manufacturing products such as switches, horns & lights. UML holds a leadership position in the switch business with a market share of 67% * Q4FY23 revenue came marginally above expectations, registering a growth of 20%YoY, outperforming the industry growth of %YoY. * This was mainly on account of new customer additions in 2W/4W, new contents & leveraging the client base. * EB...
Buy UNO Minda Ltd For Target Rs. 601 - Geojit Financial Services Ltd
Buy UNO Minda Ltd For Target Rs. 601 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
26/05/2023 12:37:23 PM
Hold Minda Corporation Ltd For Target Rs. 230 - ICICI Direct Acquires stake in competitor as financial investment, strategic intent not dispelled, await more clarity…   About the stock: Minda Corporation (MCL) primarily serves auto OEMs across two main verticals – Mechatronics & Aftermarket [i.e. MCH – safety & security system (lock & key, smart key), die-casting, starter motors, etc] and Information & Connected Systems (i.e. ICS – mainly wiring harnesses, sensors and instrument clusters). * F...
Hold Minda Corporation Ltd For Target Rs. 230 - ICICI Direct
Hold Minda Corporation Ltd For Target Rs. 230 - ICICI Direct
Source: ICICI Direct
21/02/2023 11:43:44 AM
Key Stock Ideas: AstraZeneca, GAIL, DLF, Minda Corporation - ARETE Securities Key News AstraZeneca gets CDSCO nod for drug to treat biliary tract cancer: Drug firm AstraZeneca India on Friday said it has received approval from the domestic drug regulator to market a drug to treat biliary tract cancer (BTC) in the country. The company has received approval from the Central Drugs Standard Control Organisation (CDSCO) for Durvalumab, the drug firm said in a statement. BTC is a group of rare and aggressive gastrointestinal (GI) cancers that form in the cells of the b...
Key Stock Ideas: AstraZeneca, GAIL, DLF, Minda Corporation - ARETE Securities
Key Stock Ideas: AstraZeneca, GAIL, DLF, Minda Corporation - ARETE Securities
Source: ARETE Securities Ltd
20/02/2023 9:27:44 AM
Buy UNO Minda Ltd For Target Rs. 650 - Emkay Global Financial Services Q3 EBITDA above estimates; Improving wallet share to drive outperformance For Q3FY23, UNO Minda’s EBITDA grew by 44% YoY to Rs3.4bn, above our estimate due to higher-than-expected revenue and gross margin. Revenue grew by 34% to Rs29.2bn, above our estimates, mainly due to increased revenue in switches and others segments due to ramp-up of new orders. We have increased our FY23/FY24 EPS estimates by 6%/2%, factoring in higher revenue and margin assumptions. Following the revision, we...
Buy UNO Minda Ltd For Target Rs. 650 - Emkay Global Financial Services
Buy UNO Minda Ltd For Target Rs. 650 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/02/2023 3:19:38 PM
Minda Corporation surges on entering into technical collaboration with Daesung Eltec for ADAS Minda Corporation is currently trading at Rs. 193.95, up by 4.40 points or 2.32% from its previous closing of Rs. 189.55 on the BSE. The scrip opened at Rs. 192.00 and has touched a high and low of Rs. 195.15 and Rs. 191.90 respectively. So far 22616 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 284.45 on 19-Apr-2022 and a 52 week low of Rs. 142.55 on 29-Oct-2021. Last one week high and low of the scrip stood ...
Minda Corporation surges on entering into technical collaboration with Daesung Eltec for ADAS
Minda Corporation surges on entering into technical collaboration with Daesung Eltec for ADAS
Source: Accord Fintech
31/10/2022 11:24:54 AM
Buy Minda Corporation Ltd For Target Rs.270 - ICICI Direct Structural levers in place for industry leading growth About the stock: Minda Corporation (MCL) primarily serves auto OEMs across two main verticals – Mechatronics & Aftermarket (i.e. MCH – safety & security system (lock & key, smart key), die-casting, starter motors, etc.) and Information & Connected Systems (i.e., ICS – mainly wiring harnesses, sensors and instrument clusters). * FY22 segment mix –2-W ~49%, CV ~19%, PV ~18%, Aftermarket ~15% ...
Buy Minda Corporation Ltd For Target Rs.270 - ICICI Direct
Buy Minda Corporation Ltd For Target Rs.270 - ICICI Direct
Source: ICICI Direct
23/09/2022 10:00:24 AM
Minda Corporation zooms on launching 17 protective head gear models in Indian retail market Minda Corporation is currently trading at Rs. 230.00, up by 4.90 points or 2.18% from its previous closing of Rs. 225.10 on the BSE. The scrip opened at Rs. 227.95 and has touched a high and low of Rs. 231.70 and Rs. 226.30 respectively. So far 18928 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 284.45 on 19-Apr-2022 and a 52 week low of Rs. 114.75 on 23-Aug-2021. Last one week high and low of the scrip stood ...
Minda Corporation zooms on launching 17 protective head gear models in Indian retail market
Minda Corporation zooms on launching 17 protective head gear models in Indian retail market
Source: Accord Fintech
15/07/2022 12:17:23 PM
Buy Minda Corporation Ltd For Target Rs. 315 - ICICI Direct Strong order book led outperformance to continue… About the stock: Minda Corporation (MCL) primarily serves auto OEMs across two main verticals – Mechatronics & Aftermarket (i.e. MCH – safety & security, die-casting, starter motors, etc) and Information & Connected Systems (i.e. ICS – mainly wiring harnesses and instrument clusters). FY21 segment mix –2-W ~52%, CV ~21%, PV ~11%, Aftermarket ~16% FY21 product mix – MCH ~58%, ICS ~42% ...
Buy Minda Corporation Ltd For Target Rs. 315 - ICICI Direct
Buy Minda Corporation Ltd For Target Rs. 315 - ICICI Direct
Source: ICICI Direct
26/04/2022 12:20:35 PM
Update on Minda Corporation Ltd By Emkay Global Multiple triggers to drive outperformance * We interacted with Mr. Aakash Minda, Executive Director, and Mr. Suresh D, CTO of Minda Corporation. The company has a strong presence in segments such as locks, wiring harness, instrument clusters and aluminum die-casting. It is targeting the EV space, with potential content per vehicle of Rs16,000-20,000 for E-2Ws, through the supply of existing and new products, such as power electronics, chargers, BMS and controllers. * Management expects ...
Update on Minda Corporation Ltd By Emkay Global
Update on Minda Corporation Ltd By Emkay Global
Source: Emkay Global Financial Services Ltd
12/03/2022 11:17:12 AM
Buy Minda Corporation Ltd For Target Rs.160 - ICICI Direct Order win momentum picks up pace… About the stock: Minda Corporation (MCL) primarily serves domestic auto OEMs across two main verticals – mechatronics & aftermarket (MCH – safety & security, diecasting, starter motors, etc.) and information & connected systems (ICS – mainly wiring harnesses). * FY21 segment mix –2-W ~52%, CV ~21%, PV ~11%, aftermarket ~16% * FY21 product mix – MCH ~58%, ICS ~42%   Q1FY22 Results: The compan...
Buy Minda Corporation Ltd For Target Rs.160 - ICICI Direct
Buy Minda Corporation Ltd For Target Rs.160 - ICICI Direct
Source: ICICI Direct
18/10/2021 11:53:28 AM
Minda Corporation posts Q4 net profit of Rs 45.91 cr The company reported standalone net profit during the quarter stood at Rs 45.91 crore compared to net loss of Rs 351.01 crore in the previous year quarter. Net revenue of the company rose substantially by 49.81 per cent at Rs 767.55 crore in January-March quarter of this fiscal as against Rs 512.35 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 45.08 per cent to Rs 681.11 crore from Rs 469.48 crore in year ago period. Other Income di...
Minda Corporation posts Q4 net profit of Rs 45.91 cr
Minda Corporation posts Q4 net profit of Rs 45.91 cr
Source: Dion Global Solutions Ltd
19/05/2021 10:51:29 AM
Buy Minda Corporation Ltd For Target Rs.120 - ICICI Direct Investment thesis playing out on expected lines…   Minda Corporation (MCL) reported strong Q3FY21 results. Consolidated net sales rose 36% YoY to | 740 crore (like-to-like basis) – far outpacing the growth observed in the domestic OEM space. Blended operating margins rose 100 bps QoQ to 11.1% (110 bps increase in mechatronics division to 13.8%; 40 bps increase in information connected systems division to 7.1%) amid 80 bps QoQ gross margin expansion and 80 bps savings ...
Buy Minda Corporation Ltd For Target Rs.120 - ICICI Direct
Buy Minda Corporation Ltd For Target Rs.120 - ICICI Direct
Source: ICICI Direct
31/03/2021 10:52:13 AM