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Minda Corporation soars on getting selected under PLI scheme by MHI

16 Mar 2022 Evaluate

Minda Corporation is currently trading at Rs. 200.65, up by 2.15 points or 1.08% from its previous closing of Rs. 198.50 on the BSE.

The scrip opened at Rs. 203.60 and has touched a high and low of Rs. 206.05 and Rs. 197.75 respectively. So far 67839 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 213.80 on 20-Jan-2022 and a 52 week low of Rs. 89.85 on 19-Mar-2021.

Last one week high and low of the scrip stood at Rs. 206.05 and Rs. 181.55 respectively. The current market cap of the company is Rs. 4797.13 crore.

The promoters holding in the company stood at 64.73%, while Institutions and Non-Institutions held 18.15% and 17.13% respectively.

Minda Corporation has been selected under Production Linked Incentive (PLI) scheme for Automobile and Auto Component Industry in India. The application filed by the Company under the Production Linked Incentive Scheme has been approved by Ministry of Heavy Industry (MHI).

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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