518.6500 4.55 (0.89%)
NSE May 26, 2025 09:59 AM
Volume: 29,425
 

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. is trading below its 100 day SMA of 523.5
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