Minda Industries is currently trading at Rs. 485.00, up by 3.70 points or 0.77% from its previous closing of Rs. 481.30 on the BSE.
The scrip opened at Rs. 495.00 and has touched a high and low of Rs. 495.00 and Rs. 485.00 respectively. So far 1915 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 565.00 on 16-Sep-2014 and a 52 week low of Rs. 141.30 on 17-Oct-2013.
Last one week high and low of the scrip stood at Rs. 508.45 and Rs. 478.00 respectively. The current market cap of the company is Rs. 782.16 crore.
The promoters holding in the company stood at 70.91% while Institutions and Non-Institutions held 2.89% and 26.20% respectively.
In a bid to add new products, Minda Industries has invested Rs 450 crore. Moreover, the company has entered into several new segments like fuel cap, die-casting, battery, CNG/LPG kits. This is its strategy to increase content per vehicle to step up engagement with automakers.
The company garners close to 44 per cent revenues from the switch business, 26 per cent from horns, 18 per cent from lights and the balance 12 per cent from other businesses. The company has invested Rs 150 crore in four upcoming plants to expand the lighting business.
Minda is the third-largest company in the local auto-lighting business, with 18 per cent market share.
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