The Economic Times daily newspaper is available online now.

    Hold Minda Industries, target price Rs 1060: ICICI Direct

    Synopsis

    Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 29733.09 Crore) operating in Auto Ancillaries sector.

    buyGetty Images
    Promoters held 67.47 per cent stake in the company as of 30-Sep-2021, while FIIs owned 9.22 per cent, DIIs 13.71 per cent.
    ICICI Direct has hold call on Minda Industries with a target price of Rs 1060. The current market price of Minda Industries Ltd. is Rs 1040.65.

    Time period given by analyst is one year when Minda Industries Ltd. price can reach defined target.

    Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 29733.09 Crore) operating in Auto Ancillaries sector.

    Minda Industries Ltd. key Products/Revenue Segments include Electronic Components, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2135.05 Crore, up 32.72 % from last quarter Total Income of Rs 1608.69 Crore and up 44.50 % from last year same quarter Total Income of Rs 1477.57 Crore. Company reported net profit after tax of Rs 92.20 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 67.47 per cent stake in the company as of 30-Sep-2021, while FIIs owned 9.22 per cent, DIIs 13.71 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in