Competitor Minda Corporation recently acquired 15.7 % stake in Pricol in the open market

Taken steps to fend off hostile takeover: Pricol MD

The shares of Pricol fell more than 4 percent to close at Rs 199 on the NSE, while Minda Corporation declined 4.6 percent to Rs 204.

Bulk Deals | 10 investors offload 11.75% stake worth Rs 299 crore in Pricol

Minda Corporation said that it has acquired 1,91,40,342 equity shares of Pricol, representing 15.70406% of the Pricol’s total issued and paid-up equity share capital.

Minda Corp acquires 15.7% stake in Pricol for Rs 400 crore

Indian automotive components maker Minda Corporation Ltd on Friday said it acquired a 15.70 per cent

Minda Corp acquires 15.70% stake in Pricol for ₹400 crore

Minda Corporation consolidated net profit declines 25.18% in the December 2022 quarter

Tata Investment Corporation Ltd, ICICI Lombard General Insurance Company Ltd, Sindhu Trade Links Ltd and Bank of India are among the other losers in the BSE’s ‘A’ group today, 18 January 2023.

Minda Corporation Ltd leads losers in ‘A’ group

Minda Corporation gained 2.72% to Rs 194.70 after the auto components maker said that it has collaborated with a Korea-based company, Daesung Eltec to bring the next generation advanced driver assistance system (ADAS) solutions to India.

Minda Corp rises after collaborating with Daesung Eltec for ADAS technology

Through the collaboration, the partners will offer advanced driver assistance system (ADAS) for passenger, commercial and off-road vehicles segment. These include around view monitoring system (AVM), including driver monitoring system (DMS), lane departure warning system (LDWS) and front collision w…

Minda Corporation ties up with South Korea’s Daesung Eltec for ADAS technology

ICICI Direct is bullish on Minda Corporation has recommended buy rating on the stock with a target price of Rs 270 in its research report dated September 22, 2022.

Buy Minda Corporation; target of Rs 270: ICICI Direct

Broker’s Call: Minda Corporation (Buy)

ICICI Direct report believes that Minda Corporation share price may go up to ₹260 apiece levels from current ₹190 per share mark

ICICI Direct sees 35% upside in this auto stock. Should you buy now?

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

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.

Minda Corporation Ltd