Minda Corporation Ltd up by 7.71%: Market Update By Espresso

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Espresso Shot of the Day - Minda Corporation Ltd up by 7.71 percent

April 06, 2022
Espresso Shot of the Day - Minda Corporation Ltd up by 7.71 percent

MINDA CORPORATION LTD 221.50  (+7.71%) BSE – INE842C01021 | 6THAPRIL 2022


Minda Corporation Ltd was incorporated on 11th March, 1985 by the name Minda Switch Auto Private Limited for the manufacture of Ignition Switches for Indian Automotive Industry and is the flagship company of Spark Minda Ashok Minda Group which was part of the erstwhile Minda Group. The Company has 28 manufacturing facilities located across various parts of India including Maharashtra, National Capital Region (NCR), Tamil Nadu, Uttarakhand, Karnataka, and Madhya Pradesh. It also has a solid international presence with 6 global manufacturing facilities in Germany, Czech Republic, Poland, Mexico Indonesia and Vietnam. In addition, it has a design office located in Japan. Minda Corporation Ltd is one of the largest suppliers of 2 wheelers, 3 wheelers, Off-Road vehicles and electronic & mechanical security systems.


Recent Drivers

  • On Mar 29, 2022, the company approved a grant of 2, 20,000 Stock Options to the employees of the Company.
  • On Feb 08, 2022, the company reported Net Sales of Rs.714.16 crores in December 2021.
  • On Feb 08, 2022, the company reported a quarterly Net Profit of Rs.34.12 crores in December 2021.
  • On Feb 04, 2022, the company declared an Interim dividend of Rs.0.30/- per equity share
(Sources: BSE, Moneycontrol)


Technical Force*

  • S&P BSE 500 month till date gain up by 2.93%
  • Traded on new 52-week high value 223.60
  • Spurt in volume by more than 2.97 times compared to the previous vol. 3 months avg. volume: 104,840
  • Quantity traded: 390,709 | Deliverable Quantity: 172,811 (44.23%)
  • Stock price jumped by more than 145% from a one-year low level: of 91.35 (Apr 19, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 223.60 | 52-week-low: 91.35


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

299.33

239.52

204.13

144.32

108.93

49.12

13.73

    -

Fibonacci Pivot

239.52

203.15

180.68

166.21

144.32

122.42

107.95

85.48

49.12



Today’s Close

221.50

SMA

BSE

10 DAY

206.55

20 DAY

200.12

50 DAY

196.51

200 DAY

160.32


Some Key Ratios (Source: BSE)

Market Cap: 5,295.61 Crores

PE: 42.96

OPM%: 11.28

ROE%: 11.61

Promoters holding%: 64.73

Prev. Close: 205.65


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.