Minda Industries disclosed its unaudited quarterly result with a rise in income from operations to Rs 400.83 crores for the June ’16 quarter end as compared to the corresponding quarter of the last financial year which was seen at Rs. 341.22 crores. Minda Industries share price went down despite the good values in the result.
The profit from operations nearly doubled on Y-o-Y basis. As per reports, for June ’16 quarter end the amount was seen at Rs. 28.71 crores against Rs. 15.29 crores. As per the reports, the net profit saw a huge rise jumping from Rs. 13.60 crores (June’15 quarter) to Rs. 22.60 crores (June ’16 quarter). The earnings per share went up to 14.22 crores in this June ’16 quarter from 8.55 crores as seen in the corresponding quarter of last year. The company is to declare its audited result on 12th August 2016 and its effect on the Minda Industries share price has the market’s attention.
Minda Industries share price was trading at Rs. 1,100 with the drop of over 5% and was just Rs. 38 away at its intraday high from its 52 weeks high value of Rs. 1,240. The stock touched the intraday high of Rs. 1,202 and the intraday low of Rs. 1,073.35. Minda Industries have made it to the multibagger list of Dynamic Levels for the month. The stock is traded in high volume and has the potential to yield high returns. For m ore details, visit the Minda Industries share price history and Minda Industries share price forecast page of Dynamic Levels.
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