Minda Corporation Limited

Equities

MINDACORP

INE842C01021

Auto, Truck & Motorcycle Parts

Market Closed - NSE India S.E. Other stock markets 12:43:52 15/05/2024 BST			5-day change	1st Jan Change
418.2 ^INR	-2.21%		+3.76%	+8.28%

04-19	Uno Minda Gets Board Nod For INR10 Billion Bond Placement	MT
04-15	Uno Minda Raises INR1 Billion Via Commercial Papers	MT

India's Pricol files objection with competition regulator against Minda over stake buy

May 17, 2023 at 09:52 am

MUMBAI (Reuters) - Indian auto components maker Pricol Ltd on Wednesday said it filed an objection with the country's competition regulator against Minda Corporation Ltd over acquisition of a 24.5% stake in the company.

Minda in February acquired a 15.70% stake in Pricol via an open market transaction.

(Reporting by Nallur Sethuraman in Mumbai; Editing by Sonia Cheema)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
TOPIX INDEX	2,731 PTS	-0.00%	-0.56%	-
PRICOL LIMITED	438.9 INR	+1.57%	+1.92%	631M
MINDA CORPORATION LIMITED	418.2 INR	-2.21%	+3.76%	1.2B

Latest news about Minda Corporation Limited

Uno Minda Gets Board Nod For INR10 Billion Bond Placement	04-19	MT
Uno Minda Raises INR1 Billion Via Commercial Papers	04-15	MT
Uno Minda Secures Land for Alloy Wheel Plant in Haryana, India	04-10	MT
Minda Corporation Limited Announces Cessation of Mr. Avinash Parkash Gandhi as Independent Director	04-01	CI
Minda Corporation Limited Announces Cessation of Mr. Rakesh Chopra as Independent Director	04-01	CI
Uno Minda Ties Up with Starcharge Energy for Wall-Mounted EV Chargers	03-25	MT
Minda Corporation Limited Appoints Ravi Sud as Independent Director	03-14	CI
Minda Corporation Limited Wins Significant Order for Leading 2W OEM in India to Manufacture Smart Key Systems	02-12	CI
Minda Corporation Limited Declares Interim Dividend, Payable on or Before March 1, 2024	02-09	CI
Minda Corporation Limited Appoints Deepak Arora as CEO BV-II (Wiring Harness Division)	02-07	CI
Transcript : Minda Corporation Limited, Q3 2024 Earnings Call, Feb 02, 2024	02-02
Minda Corporation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	02-01	CI
Minda Corp. Divests 16% Stake in Pricol	01-18	MT
The best countries to invest in the stock market	12-18
UNO Minda Commissions Automotive Seating Systems Plant in Gujarat	12-13	MT
Uno Minda Gets Board Nod to Set Up New Facility for Alloy Wheel Production	11-07	MT
Transcript : Minda Corporation Limited, Q2 2024 Earnings Call, Nov 02, 2023	11-02
Minda Corporation Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	11-02	CI
UNO Minda to Acquire Additional 26% Stake in Alternate Fuel Joint Venture	29/09/23	MT
Jay Ushin Chairman Passes Away	20/09/23	MT
UNO Minda Arm to Acquire Remaining Stake in European Step-Down Subsidiary for 1.3 Million Euros	12/09/23	MT
Indian Equities Gain as Week Ends, Lifted by Upbeat Global Cues, Strong Domestic Macroeconomic Data	01/09/23	MT
Minda Group Chief Purchase Officer Resigns	01/09/23	MT
Minda Corporation Limited Announces the Resignation of Ms. Romi Jatta as Group Chief Purchase Officer	01/09/23	CI
Uno Minda Commissions Two Plants for Electric Vehicle Systems	16/08/23	MT

Chart Minda Corporation Limited

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Company Profile

Minda Corporation Limited is an India-based company engaged in manufacturing automotive components. The Company is primarily engaged in the manufacturing and assembly of safety and security systems and their associated components for the automotive industry. Its diverse product portfolio includes mechatronics and vehicle access systems, wiring harness, interior plastics division, advanced technologies and aftermarket. Its mechatronics include ignition switch cum steering lock, keyless entry, mechatronics handle, immobilizer-fuel tank cap, aluminum die casting, compressor housing, alternator and starter motor. Its aftermarket products include helmets, fiber parts, wiper blades, ball bearings, two-wheeler air filters and lubricants. It offers its products for auto original equipment manufacturers (OEMs). Its products are designed to cater to a range of vehicle segments, including two-three wheelers, passenger vehicles, commercial vehicles and off-road vehicles.

Sector

Auto, Truck & Motorcycle Parts

Calendar

18/05/2024 - Q4 2024 Earnings Release

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Ratings for Minda Corporation Limited

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

418.2 INR

Average target price

473 INR

Spread / Average Target

+13.09%

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