Share price of this auto components maker has jumped 18% in the last 5 days

Minda Industries hit a record high of Rs 1,179, rallied 7% in intra-day trade today, surged 37% in past 11 trading days as the company announced a fresh round of capex and investment spends.

Shares of Minda Industries hit a record high of Rs 1,179, on rallying 7 per cent on the BSE in Wednesday’s intra-day trade on healthy outlook. The stock of auto ancillary company was quoting higher for the fifth straight trading day, gaining 18 per cent during the period. Thus far in the calendar year 2021, the stock has zoomed 196 per cent, as compared to 18.9 per cent rise in the S&P BSE Sensex.

In past 11 trading days, the stock has surged 37 per cent, after the company announced a fresh round of capex and investment spends. The