Minda Corporation Ltd.

NSE: MINDACORP | BSE: 538962 | ISIN: INE842C01021 | Industry: Auto Parts & Equipment
| Falling Comet
486.4500 -17.55 (-3.48%)
NSE Apr 30, 2025 15:31 PM
Volume: 95,180
 

486.45
-3.48%
Religare
Minda Corp reported decent set of numbers, which were only marginally lower than our estimates. Its Net Sales grew at a healthy pace of 18.1% YoY led by strong growth witnessed in the domestic business which grew by 26% YoY. Despite margin improvement in its two segments namely, SSR and DIS, the overall operating margin contracted by 82bps during the quarter mainly on account of lower revenue in the Interior system (IS) business.
Minda Corporation Ltd. has an average target of 632.00 from 2 brokers.
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