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Minda Corporation declines on reporting consolidated net loss of Rs 35 crore in Q1

14 Aug 2020 Evaluate

Minda Corporation is currently trading at Rs. 72.00, down by 2.50 points or 3.36% from its previous closing of Rs. 74.50 on the BSE.

The scrip opened at Rs. 73.95 and has touched a high and low of Rs. 74.45 and Rs. 71.85 respectively. So far 17633 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 122.00 on 13-Feb-2020 and a 52 week low of Rs. 52.60 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 76.05 and Rs. 71.30 respectively. The current market cap of the company is Rs. 1647.36 crore.

The promoters holding in the company stood at 68.10%, while Institutions and Non-Institutions held 13.47% and 18.42% respectively.

Minda Corporation has reported a net loss of Rs 28.72 crore for the quarter ended June 30, 2020 against net profit of Rs 28.25 crore for the same quarter in the previous year. Total income of the company decreased by 68.79% at Rs 178.13 crore for Q1FY21 as compared Rs 570.83 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 35.40 crore for the quarter ended June 30, 2020 against net profit of Rs 21.20 crore for the same quarter in the previous year. Total income of the company decreased by 68.40% at Rs 186.83 crore for Q1FY21 as compared Rs 591.20 crore for the corresponding quarter previous year.

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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