Minda Industries rose 2.03% to Rs 605 at 11:38 IST on BSE after the company said that credit ratings firm ICRA upgraded ratings of the company.
The announcement was made after trading hours on Monday, 8 December 2014.
Meanwhile, the BSE Sensex was down 91.59 points, or 0.33%, to 28,027.81.
On BSE, so far 2,487 shares were traded in the counter, compared with an average volume of 10,420 shares in the past one quarter.
The stock hit a high of Rs 614.40 and a low of Rs 590.20 so far during the day. The stock hit a record high of Rs 655 on 12 November 2014. The stock hit a 52-week low of Rs 167 on 4 March 2014.
The stock had outperformed the market over the past one month till 8 December 2014, rising 10.31% compared with 0.90% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 29.83% as against Sensex's 2.93% rise.
The small-cap company has an equity capital of Rs 15.86 crore. Face value per share is Rs 10.
ICRA upgraded long-term ratings of Minda Industries to "ICRA A" from "ICRA A-". The outlook on long term rating is stable.
ICRA upgraded its short-term ratings of the company to "ICRA A1" from "ICRA A2+"
Minda Industries' net profit jumped 399.6% to Rs 25.58 crore on 32.5% rise in total income to Rs 368.83 crore in Q2 September 2014 over Q2 September 2013.
Minda Industries designs, develops and manufactures automobile components for two, three, four wheelers.
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