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Minda Industries strengthens on getting nod to sell seven acres of land

18 Feb 2015 Evaluate

Minda Industries is currently trading at Rs. 610.00, up by 10.25 points or 1.71% from its previous closing of Rs. 599.75 on the BSE.

The scrip opened at Rs. 610.00 and has touched a high and low of Rs. 611.00 and Rs. 600.00 respectively. So far 1377 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 655.00 on 12-Nov-2014 and a 52 week low of Rs. 167.00 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs. 639.00 and Rs. 507.50 respectively. The current market cap of the company is Rs. 964.61 crore.

The promoters holding in the company stood at 70.90%, while Institutions and Non-Institutions held 2.89% and 26.21% respectively.

Minda Industries has received an approval for sale and transfer of seven acres land of the company situated at Bawal in state of Haryana to a prospective joint venture. The board of directors at their meeting held on February 14, 2015 have approved for the same.

Minda Industries is engaged in the business of manufacturing switches and batteries for 2/3 wheelers and off-road vehicles.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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