Minda Inds hits all-time high

Minda Industries surged 4.4% to Rs 541 at 15:07 IST on BSE after consolidated net profit rose 35.79% at Rs 57.78 crore on 32.31% growth in total revenue to Rs 951.52 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during market hours today, 16 May 2017.

Meanwhile, the S&P BSE Sensex was up 257.46 points or 0.85% at 30,579.58. The BSE Mid-Cap index was up 49.52 points or 0.33% at 15,089.99.

On the BSE, 1.48 lakh shares were traded on the counter so far as against the average daily volumes of 16,168 shares in the past one quarter. The stock had hit a high of Rs 568.20 so far during the day, which is a record high. The stock hit a low of Rs 505.05 so far during the day.

 

The stock had hit a 52-week low of Rs 207.65 on 13 May 2016. It had outperformed the market over the past one month till 15 May 2017, advancing 19.35% compared with the Sensex's 2.92% rise. The scrip had also outperformed the market over the past one quarter, gaining 38.89% as against the Sensex's 7.69% rise.

The mid-cap company has equity capital of Rs 17.28 crore. Face value per share is Rs 2.

Minda Industries is part of UNO Minda. UNO Minda is a technology leader in auto components industry and a leading tier 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEMs).

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