Minda Industries share price surged by almost 8 per cent to touch a daily high of Rs 314.70. The intraday low of the share is Rs 292.25. The share price opened at Rs 292.95 from a previous closing of Rs 290.60. A total of 1,76,309 shares of the Company have been traded on the counter of NSE amounting to a total amount of Rs 539.95 lacs.
Minda Industries has announced the completion of the process of acquisition of Panasonic Minda Storage Batteries India (Panasonic Minda) as well as investment in Roki Minda Company (Roki Minda).Pursuant to this, the company now holds 100 per cent equity shares of Panasonic Minda Storage Batteries India and 49 per cent equity shares of Roki Minda Company.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 330.00 on 14th September 2016 and a 52 week low of Rs 99.00 on 8th October 2015. The 52 week high of the share is the lifetime high too. The lifetime low of the share is Rs 14.61 made on 9th March 2009.
Last one week high and low of Minda Industries share price stood at Rs 305.80 and Rs 267.20 respectively.The current market cap of the company as of today is Rs. 2419.07 crores.The promoters holding in the company stood at 70.89 per cent, while institutions and non-institutions held 4.60 per cent and 24.50 per cent respectively.
Founded in the year 1960, Minda Industries Ltd - Switch Division is the largest manufacturer, by volume, of two wheeler automotive switches in the world, nominated as a global supplier to the giant Honda, Japan. The division of the Company also has a major share of business in all Indian two wheeler OEM's. Developing top notch products for two, three as well as off-road vehicles, the Switch Division of Minda Industries Ltd. aims to be a Global Technology Leader in two and three wheeler Switches and Handle Bar systems by the year 2013. It has a vision to be a leading and preferred supplier of off-road vehicle Switches in the world by 2015 through manufacturing reliable, cost-effective and innovative products benchmarked with the best in the global industry.
Minda Industries is one of the multibagger shares identified by Dynamic Levels research team out of all the NSE stocks. Get all the important support and resistance levels of the share at Minda Industries share price forecast.
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