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Minda Industries rises on turning black in Q1

17 Aug 2021 Evaluate

Minda Industries is currently trading at Rs. 705.50, up by 10.40 points or 1.50% from its previous closing of Rs. 695.10 on the BSE.

The scrip opened at Rs. 696.10 and has touched a high and low of Rs. 715.00 and Rs. 696.10 respectively. So far 11697 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 832.60 on 03-Aug-2021 and a 52 week low of Rs. 281.00 on 17-Aug-2020.

Last one week high and low of the scrip stood at Rs. 742.00 and Rs. 690.00 respectively. The current market cap of the company is Rs. 20039.13 crore.

The promoters holding in the company stood at 69.85%, while Institutions and Non-Institutions held 19.88% and 10.27% respectively.

Minda Industries has reported net profit at Rs 4.71 crore for first quarter ended June 30, 2021 as compared to net loss of Rs 59.01 crore for the same quarter in the previous year. Total income of the company reported 3- fold jump at Rs 888.79 crore for Q1FY22 as compared Rs 261.20 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit attributable to owners at Rs 15.42 crore for first quarter ended June 30, 2021 as compared to net loss of Rs 134.50 crore for the same quarter in the previous year. Total income of the company reported 3- fold jump at Rs 1608.69 crore for Q1FY22 as compared Rs 474.02 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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