Minda Industries

According to the technical charts, auto ancillary stocks, like Talbros Automotive, Jupiter Wagons and Minda Industries are likely to rise another 15 per cent in the upcoming trading sessions.

The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.

Revenue from operations during October-December 2021 rose seven per cent to Rs 2,181 crore, compared with Rs 2,031 crore in the year-ago period

Budget 2022 can spark much awaited upside in the EV related stocks

Minda Industries hit a record high of Rs 1,179, rallied 7% in intra-day trade today, surged 37% in past 11 trading days as the company announced a fresh round of capex and investment spends.

Capacity expansion in alloy wheels will tap into premiumisation trend

The company has entered into JV with FRIWO AG Germany to manufacture and supply various EV components in the Indian subcontinent with a planned capex of Rs 390 crore in the next six years.

MIL plans to invest Rs 71 crore in one or more tranches as equity investment to partly fund the above expenditure.

With the demand uptick in key markets, and expected easing off of the Covid-19 and semi-conductor situation globally, the company is confident that the uptrend in growth trajectory will resume

Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate

An engine agnostic portfolio also reduces the EV transition risk

Auto component maker Minda Industries on Friday said it has raised Rs 50 crore through issuance of commercial papers. "Minda Industries has issued the commercial paper of Rs 50 crore with allotment date June 17, 2021, and due for maturity on August 11, 2021," the company said in a regulatory filing. Minda Industries said this is in line with the management's efforts to bring down the finance cost. Last month, Minda Industries said its board has approved the acquisition of a 27.55 per cent stake in CSE Dakshina Solar for Rs 27 lakh. The acquisition is for availing solar power from CSE Dakshina for the company's units in Tamil Nadu. CSE Dakshina, a special purpose vehicle, is engaged in the business of providing solar power solutions for the captive consumption of commercial and industrial customers in India. It was incorporated in 2019. The company is in the process of setting up the project.

Minda Industries said it will invest over Rs 250 crore in expanding its four-wheel lighting and alloy wheel business to meet the increased demand as its existing units are operating at near capacity

Minda Industries on Thursday reported an over two-fold jump in consolidated profit after tax at Rs 121 crore in the third quarter ended December 2020

Auto components maker Minda Industries on Tuesday said it has raised over Rs 242 crore by way of a rights issue to existing investors

The company's rights issue will open tomorrow, August 25, and the last day for submission of application will be on September 8, 2020

The rights issue will open on August 25 and close on September 8, 2020

The initial investment outlay for the plant is Rs 255 million, and the first phase of the facility is expected to be commissioned by April 2019

The stock soared 10% to Rs 1,223 on the BSE after the company reported a consolidated net profit at Rs 1.35 billion in March quarter against Rs 560 million in year ago quarter

The stock rallied 13% to Rs 330 on the BSE.