Minda Corporation has broken out from the downward sloping trendline on the weekly chart. It has been taking support at 200-day EMA. Intermediate trend of stock remains positive as it is trading above its 50, 100 and 200-day exponential moving averages.

After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.

Inox Green Energy Services will make Dalal street debut on Wednesday after running its initial public offering between November 11-15 as the company raised Rs 740 crore by selling its shares in the range of Rs 61-65 apeice.

“The second quarter of FY23 witnessed a turnaround in consumer sentiments with pent-up demand across vehicle segments on both year-on-year and sequential basis”, said Ashok Minda, Chairman & Group CEO, Minda Corporation.

Minda Corporation Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 4877.22 Crore) operating in Auto Ancillaries sector.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1014.46 crore, up 6.53 per cent from last quarter total income of Rs 952.31 crore and up 79.14 per cent from last year same quarter total income of Rs 566.30 crore.

ICICI Direct has shifted its stance to positive, from neutral, for the automobile industry owing to improved availability of semiconductors and chips and a substantial reduction in metal prices, which is a key raw material for the sector.

Most sectors, barring IT, participated in the rally on June 24. Bank, auto, financial services, FMCG, and metal indices gained 1.2-2 percent

“Typically about 4% to 5% of our revenue is spent in our capex items. It is more so on the engineering and technology front and increasing the capacity. Like last year, we would work on investing in new technology and products to become a system solutions provider in all the product lines that we are working on and making them smarter and more advanced and futuristic.”

Although the trend continues to be positive, the oscillators are deeply overbought and hence the risk reward ratio for fresh buying is not favourable for Vaishali Pharma.

This is follow-up on Minda Corp. Can check link to related ideas. Target 2 achieved. More than 52%. Target 3 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

“The conversion from IC to EV will help in premiumisation – will see 10% more than industry growth.”

This is follow-up on Minda Corp. Can check link to related ideas. Target 2 achieved. More than 52%. Target 3 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Minda Corporation Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 4030.88 Crore) operating in Auto Ancillaries sector.