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Minda Corporation surges on incorporating WOS company

24 Feb 2021 Evaluate

Minda Corporation is currently trading at Rs. 101.80, up by 0.75 points or 0.74% from its previous closing of Rs. 101.05 on the BSE.

The scrip opened at Rs. 102.60 and has touched a high and low of Rs. 102.80 and Rs. 100.75 respectively. So far 15632 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 119.80 on 25-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. 104.35 and Rs. 94.45 respectively. The current market cap of the company is Rs. 2429.05 crore.

The promoters holding in the company stood at 64.73%, while Institutions and Non-Institutions held 15.94% and 19.33% respectively.

Minda Corporation has incorporated Wholly Owned Subsidiary (WOS) Company namely ‘Spark Minda Green Mobility Systems’ on February 22, 2021. The incorporation of a 100% wholly owned subsidiary (WOS) Company in India for Design, Development & Manufacturing of Electric Vehicle’s parts & components.

Minda Corporation is a diversified company with a product portfolio encompassing from Mechanical & Electronic Security System, Door System, Electronic Controllers for Electric Vehicles, Plastic Interiors and for Auto OEM's across the Globe.

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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