Minda Industries Ltd up by 9.79%: Growth & Financial Updates | Espresso

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Espresso Shot of the Day - Minda Industries LTD up by 9.79 percent

December 13, 2021
Espresso Shot of the Day - Minda Industries LTD up by 9.79 percent

MINDA INDUSTRIES LTD 1038.15  (+9.79%) BSE – INE405E10123 | Dec 13, 2021

Making its mark in the International Grid of Automobile Components manufacturing, UNO MINDA has steered ahead as a leading Tier 1 supplier of Proprietary Automotive Solutions to Original Equipment Manufacturers (OEMs). Incepted way back in 1958 with a meagre start-up capital, it now notches up a group turnover beyond US$ 1 Billion, which speaks volumes of the conglomerate that it is today. For more than six decades, UNO MINDA has made significant contributions to the automotive industry supply chain with innovative products, designed and engineered for efficiency with an emphasis on enhanced comfort levels and fine-tuned response. UNO MINDA has 71 manufacturing plants in India, Indonesia, Vietnam, Spain, Morocco, Mexico Colombia, Germany and design centers in Taiwan, Japan & Spain sales offices in North America, Europe and ASEAN Countries. With the human edge of a highly motivated workforce of over 23000 team members, the Group is headquartered in Manesar, Haryana, India. The conglomerate has more than 15 engineering, research and development centers globally.

Recent Drivers

  • On Dec 13, 2021, the company announced that it has entered into a joint venture (JV) agreement with FRIWO AG Germany for manufacturing and supplying various electric vehicle (EV) components in the Indian subcontinent.
  • On Dec 10, 2021, the company approved the expansion of the 2 Wheel-Alloy Wheel plant of the Company situated at Supa, Maharashtra.
  • On Nov 11, 2021, the company reported growth in net profit by 9.71% to Rs 94.72 crore in the quarter ended September 2021 as against Rs 86.34 crore during the previous quarter ended September 2020.
  • On Nov 11, 2021, the company reported growth in sales by 29.51% to Rs 2113.99 crores in the quarter ended September 2021 as against Rs 1632.24 crores during the previous quarter ended September 2020.
  • On Oct 25, 2021, the company approved the second tranche of investment worth Rs46 crores in equity shares of Strongsun Renewables, the Special Purpose Vehicle (The SPV) company.
 (Sources: Business Standard)


Technical Force*

  • S&P BSE 500 month till date gain up by 2.76%
  • Traded on all time high value 1058.70
  • 3 months avg. NSE volume: 365,216
  • Quantity traded: 1,59,953 | Deliverable quantity: 38,197 (23.88%)
  • Stock price jumped more than 185% from one-year-low level: 365.05 (Dec 22, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1058.70 | 52-week-low: 365.05


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

696.45

561.15

479.90

344.60

263.35

128.05

46.80

    -

Fibonacci Pivot

561.15

478.43

427.32

394.41

344.60

294.79

261.88

210.77

128.05


Today’s Close

1038.15

SMA

BSE

10 DAY

913.98

20 DAY

898.85

50 DAY

830.30

200 DAY

676.58


Some Key Ratios (Source: BSE)

Market Cap:  29,651.69 Crores

PE: 141.78

OPM%: 11.43

ROE%: 7.54

Promoters holding%: 67.47

Prev. Close: 945.55


*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.