Minda Corporation

Till 01:50 pm; as many as 10.96 million equity shares representing 4.58 per cent of total equity of Minda Corp have changed hands on the BSE, the exchange data shows.

MCL bought Pricol's shares at a price of Rs 208.98 per share. This is an open-market transaction and no prior approvals have been obtained

Pricol is a major player in the connected vehicle solutions and telematics segment of the auto component industry

Coimbatore-based automotive components company denies promoters selling stake

Pricol said the promoters have absolutely no intent of undertaking any secondary sale of promoter stake nor does the company have any intent to raising equity capital of any form.

FIIs' favorite names and heavyweights like HDFC twins, ICICI Bank, Infosys, Kotak Bank, and Reliance Industries saw sharp cuts

Auto ancillary stocks may jump up to 15 per cent in upcoming sessions

The automobile component maker reported a consolidated net profit of Rs 12.92 crore for the March quarter of FY21 as against a loss of Rs 299.78 crore in the year-ago period

Jindal Stainless Hisar (JSHL) reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income

With a "Higher High, Higher low" formation, the stock of Pricol has gradually risen to higher levels recently.

Auto component maker Minda Corporation on Thursday reported a loss of Rs 35.40 crore for the quarter to June 2020.

The company had posted a consolidated profit after tax of Rs 41.92 crore in the corresponding period of the previous financial year, Minda Corporation said in a regulatory filing

Auto components maker Minda Corporation Monday said that its board has approved a scheme to amalgamate five of its wholly-owned domestic subsidiaries into the parent company. The merger, subject to necessary statutory and regulatory approvals, is expected to be completed over the next six to eight months, Minda Corp said in a statement. The subsidiary companies proposed to be merged are Minda SAI, Minda Automotive Solutions, Minda Autoelektrik, Minda Management Services and Minda Telematics & Electric Mobility Solutions. "All assets and liabilities of these companies shall be transferred to Minda Corp at book value as on the designated appointed date of April 1, 2018," the company said. The revenue of the merged entity will increase to around Rs 1,972 crore compared to standalone revenue of Rs 9,70.2 crore, based on FY18 results. The proposed merger will not result in expansion of equity capital or change in shareholding pattern of Minda Corporation, it added. "Spar

The stock was up 1.5% to Rs 204 on Tuesday, extending its Monday's 15% rally on the BSE, after investor Ashish Kacholia bought 1.08 million shares at Rs 182 each.

The stock dipped 11% to Rs 95.75 after a more than 5% of total equity of the company changed hands via block deals on the BSE.