SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Minda Corporation jumps on entering into Technology License Agreement with LocoNav

22 Nov 2022 Evaluate

Minda Corporation is currently trading at Rs. 208.10, up by 3.35 points or 1.64% from its previous closing of Rs. 204.75 on the BSE.

The scrip opened at Rs. 204.00 and has touched a high and low of Rs. 210.60 and Rs. 200.85 respectively. So far 15026 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 284.45 on 19-Apr-2022 and a 52 week low of Rs. 150.70 on 20-Dec-2021.

Last one week high and low of the scrip stood at Rs. 217.00 and Rs. 200.85 respectively. The current market cap of the company is Rs. 5001.54 crore.

The promoters holding in the company stood at 64.73%, while Institutions and Non-Institutions held 17.97% and 17.30% respectively.

Minda Corporation, the flagship company of Spark Minda group, has entered into Technology License Agreement (TLA) with LocoNav India for white-labelling of Telematics Software for both Web & Android/iOS platforms on November 21, 2022. Spark Minda will integrate LocoNav developed software with its inhouse developed telematic devices to provide OEMs with a complete solution. This exclusive collaboration will enable Spark Minda to be ahead of technology curve with customised solutions to suit Indian OEM’s.

As part of the alliance, LocoNav will be the technology partner for telematic systems to Spark Minda and shall provide with white labelled software. LocoNav would also assist Spark Minda in software customizations and other support from time to time and provide mobile application user interface.

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.

Minda Corporation Share Price

532.75 28.10 (5.57%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×