MINDA CORPORATION SHARE PRICE

Minda Corporation Ltd. is the flagship company of Spark Minda. It is one of the leading manufacturers of automotive components for original equipment manufacturers (OEMs). It was incorporated in 1985 with its headquarters in New Delhi. For the quarter ended June 2022, the company’s total income was Rs 1,014.46 crore. It was up 6.53% from the total income of Rs 952.31 crore in the previous quarter ended March 2022. On 8 August 2022, the company’s market capitalisation was valued at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/mindacorporation/MC23" 5,986 crore. 

The company is listed on the Bombay Stock Exchange with the code 538962, and on the National Stock Exchange with the code MINDACORP.  

Minda Corporation Ltd. is a diversified company. Its product portfolio comprises door systems, mechanical and electronic security systems, plastic interiors, and electronic controllers for electric vehicles. It also manufactures die casting parts for the auto and consumer durable industry. The company has 28 manufacturing facilities across India and six global manufacturing facilities in Poland, Indonesia, Vietnam, Mexico, the Czech Republic, and Germany.  

On 30 June 2022, the promoters had a 64.73% stake in the company. The foreign institutional investor stake was 3.69%, the domestic institutional investor stake was 13.96%, and the public stake was 15.9%. Mr Ashok Minda, the company’s chairman and group CEO, has an individual stake of 34.1%.  

The other directors and board members include Mr Aakash Minda, Mr Rakesh Chopra, Mr N K Modi, Mr Ravi Sud, Mrs Pratima Ram, Mr Ashok Kumar Jha, and Mr Avinash Parkash Gandhi. The auditors are S R Batliboi & Co. LLP and B S R & Co. LLP.  

On 8 August 2022, Minda Corporation Ltd.’s share price on BSE closed at Rs 251.45. The company’s share price on NSE closed at Rs 251.60. The 52-week high for Minda Corporation Ltd.’s share price was Rs 287, and the company’s 52-week low was Rs 114.35.  

As of June 2022, PGIM India Small Cap Fund had a 2.03% stake in Minda Corporation Ltd. Mahindra Manulife Multi Cap Badhat Yojana had a 1.82% stake, Aditya Birla SL Pure Value Fund had a 1.42% stake, and UTI - Transportation & Logistics Fund had a 1.29% stake. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Minda Corporation Ltd. is the flagship company of Spark Minda. It is one of the leading manufacturers of automotive components for original equipment manufacturers (OEMs). It was incorporated in 1985 with its headquarters in New Delhi. For the quarter ended June 2022, the company’s total income was Rs 1,014.46 crore. It was up 6.53% from the total income of Rs 952.31 crore in the previous quarter ended March 2022. On 8 August 2022, the company’s market capitalisation was valued at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/mindacorporation/MC23" 5,986 crore. 

The company is listed on the Bombay Stock Exchange with the code 538962, and on the National Stock Exchange with the code MINDACORP.  

Minda Corporation Ltd. is a diversified company. Its product portfolio comprises door systems, mechanical and electronic security systems, plastic interiors, and electronic controllers for electric vehicles. It also manufactures die casting parts for the auto and consumer durable industry. The company has 28 manufacturing facilities across India and six global manufacturing facilities in Poland, Indonesia, Vietnam, Mexico, the Czech Republic, and Germany.  

On 30 June 2022, the promoters had a 64.73% stake in the company. The foreign institutional investor stake was 3.69%, the domestic institutional investor stake was 13.96%, and the public stake was 15.9%. Mr Ashok Minda, the company’s chairman and group CEO, has an individual stake of 34.1%.  

The other directors and board members include Mr Aakash Minda, Mr Rakesh Chopra, Mr N K Modi, Mr Ravi Sud, Mrs Pratima Ram, Mr Ashok Kumar Jha, and Mr Avinash Parkash Gandhi. The auditors are S R Batliboi & Co. LLP and B S R & Co. LLP.  

On 8 August 2022, Minda Corporation Ltd.’s share price on BSE closed at Rs 251.45. The company’s share price on NSE closed at Rs 251.60. The 52-week high for Minda Corporation Ltd.’s share price was Rs 287, and the company’s 52-week low was Rs 114.35.  

As of June 2022, PGIM India Small Cap Fund had a 2.03% stake in Minda Corporation Ltd. Mahindra Manulife Multi Cap Badhat Yojana had a 1.82% stake, Aditya Birla SL Pure Value Fund had a 1.42% stake, and UTI - Transportation & Logistics Fund had a 1.29% stake. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.