Minda Corporation shines on bagging contract worth Rs 750 crore

Minda Corporation Ltd. | Auto Ancillary | Automobiles | BSE: 538962 | NSE: MINDACORP

11 Jul 2023 Evaluate

Minda Corporation is currently trading at Rs. 305.30, up by 13.80 points or 4.73% from its previous closing of Rs. 291.50 on the BSE.

The scrip opened at Rs. 289.00 and has touched a high and low of Rs. 307.75 and Rs. 289.00 respectively. So far 123855 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 307.75 on 11-Jul-2023 and a 52 week low of Rs. 187.00 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 307.75 and Rs. 277.45 respectively. The current market cap of the company is Rs. 7312.24 crore.

The promoters holding in the company stood at 64.73%, while Institutions and Non-Institutions held 17.62% and 17.65% respectively.

Minda Corporation has secured a significant contract from a leading OEM to produce Battery Chargers for Electric Vehicles (EVs). The lifetime value of the order is Rs 750 crore. This big order win underscores company's commitment towards sustainable mobility and enhances its range of EV offerings. The awarded product will be manufactured at Spark Minda's state-of-the-art, Spark Minda Green Mobility Systems (a wholly owned subsidiary of Minda Corporation) facility at Pune.

During the last financial year, electric vehicles accounted for nearly 20% of the total orders win. This project will further solidify Spark Minda’s stewardship towards green and connected mobility and Underlines Company’s position as forward-looking, future-ready organization, dedicated to revolutionizing the automotive sector through innovation and technological excellence.

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

685.15 13.50 (2.01%)

30-Jun-2026 10:31 View Price Chart

Peers

Company Name	CMP
SamvardhanaMotherson	149.60
Tube Investments	3000.00
Bosch	40150.00
UNO Minda	1081.75
CIE Automotive India	458.00
View more..

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