Tuesday, 7 February 2017


Minda Industries has posted good Q3FY17 results on Tuesday. The company's consolidated net profit has jumped by 55.1% at 44.7 crore versus Rs 28.8 crore.(YoY). Its Consolidated total income is up by 41.4% at Rs 885 crore versus Rs 626 crore (YoY)

Consolidated EBIDTA has surged by 81.9% at Rs 107.2 crore versus Rs 59 crore (YoY). Minda Industries Ltd., is a Delhi based company, and is a supplier of automotive solutions to original equipment manufacturers. Its product portfolio includes alloy wheels, brake hoses and fuel hoses.

Minda Industries Ltd is currently trading at Rs 379.95, down by Rs 4.95 or 1.29% from its previous closing of Rs 384.9 on the BSE. The scrip opened at Rs 385.6 and has touched a high and low of Rs 403.9 and Rs 377.2 respectively. So far 852472(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3053.29 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 405.35 on 01-Nov-2016 and a 52 week low of Rs 144 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 390 and Rs 343 respectively.

The promoters holding in the company stood at 74.02 % while Institutions and Non-Institutions held 6.46 % and 19.52 % respectively. The stock is currently trading above its 100 DMA.

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