Minda Corporation said that it has entered into and signed a Joint Venture Agreement with HSIN Chong Machinery Works Company for manufacturing of automotive sunroof solutions and closure technology products for passenger cars in India.

Minda Corpo inks JV agreement with HCMF for automotive sunroof solutions and closure systems

Minda Corporation signed a joint venture agreement with HSIN Chong Machinery Works Co. (HCMF) from Taiwan, a leading global manufacturer of Automotive Sunroof and Closure systems. This partnership is a 50:50 Joint venture between Minda Corporation and HCMF, aims to provide cutting edge technology ba…

Minda Corporation signs joint venture agreement with Taiwan based - Hsin Ching Machinery Works

We continue to like the company’s growth story driven by new order wins, increasing kit value per vehicle and its focus on EV

Minda Corporation Q4 Results Review - Revenue, Ebitda Inline; Orderbook Remains Strong: Axis Securities

Minda Corporation has won lifetime orders of ~Rs 6,500 crore during H1 FY24, out of which ~30% is for the EV business.

Minda Corp Q2 Results Review - Ebitda Inline; Orderbook Remains Strong: Axis Securities

KR Choksey is bullish on Minda Corporation has recommended buy rating on the stock with a target price of Rs 351 in its research report dated August 18, 2023.

Buy Minda Corporation; target of Rs 351: KR Choksey

CA Alchemy had held 20 percent stake or 23.86 crore equity shares in Piramal Pharma as of June 2023.

Bulk Deals: PHI Capital Trust exits Minda Corporation, Carlyle Group offloads 2.17% stake in Piramal Pharma

Top stock picks for today: In the PSU bank pack, Vinit Bolinjkar on Thursday told BT TV that State Bank of India (SBI) would be among the top in his list, given that the stock “looked extremely undervalued”. He suggested to ‘Buy the dip’. In the private lending space, Bolinjkar opted for HDFC Bank a…

SBI, HDFC Bank & Minda Corporation: Here’s what Vinit Bolinjkar of Ventura Securities says on these 3 stocks

In auto, I am betting on Minda Corporation. I am liking it for the next one to two-year point of view. It is a solid EV play as well. The price is around 290 to 300 right now. So for auto, Minda can be a good play.

Here’s why Abhijit Choksi is bullish on EPC engineering sector

Minda Corporation stock rose 5.57% to Rs 307.75 against the previous close of Rs 291.50 on BSE. The stock ended 3.58% higher at Rs 301.95 on BSE.

Minda Corp shares hit record high on Rs 750-crore order

Auto components maker Minda Corporation Ltd on 11th July said it has bagged a ₹750-crore contract from a leading automobile manufacturer to produce battery chargers for electric vehicles

Minda Corporation bags ₹750 crore order for EV battery chargers

Auto components maker Minda Corporation Ltd on Tuesday said it has bagged a ₹750-crore contract from a leading automobile manufacturer to produce battery chargers for electric vehicles. The product will be manufactured at wholly-owned subsidiary Spark Minda Green Mobility Systems’ facility at Pune, …

Minda Corporation bags ₹750-crore order for EV battery chargers

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Minda Corporation is an automotive component and flagship company. It has a diversified product portfolio that encompasses Safety, Security and Restraint Systems; Driver Information and Telematics Systems, and Interior Systems for auto manufacturers.