4 stories mentioning NSE:MINDACORPUpdated 21d ago
Every FINWIRES story that references NSE:MINDACORP, newest first.
Minda (BOM:538962) has an average rating of buy and mean price target of 742.57 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Auto components manufacturer Minda Corporation (NSE:MINDACORP, BOM:538962) reported a fire incident at its manufacturing facility in Noida, India, on May 30, according to a Sunday filing to the Indian stock exchanges.The company's shares were down over 1% in Monday's trade.There were no casualties or injuries to any personnel due to the incident, and the company is working restore normalcy at the affected facility, the statement said."We are currently in the process of assessing the impact on the operations and extent of the damage caused, while maintaining the highest standard of safety and compliance," the company said.The company further said the stock, plant, and machinery were adequately insured and that the insurance company has been informed.
Minda (NSE:MINDACORP, BOM:538962) posted a sharp increase in its attributable consolidated profit after tax to 1.25 million Indian rupees in the fiscal fourth quarter ended March 31 from 520.3 million rupees a year ago.Earnings per share climbed to 5.21 rupees from the year-ago figure of 2.18 rupees, according to a Friday filing to the Indian stock exchanges by the auto components manufacturer.Revenue from operations in fiscal Q4 also increased to 17.0 billion rupees from 13.2 billion rupees a year earlier.The board recommended a final dividend of 0.80 rupees per share for the fiscal year ended March 31.Shares of the company jumped nearly 8% in after-market hours.
Indian benchmark indices closed higher on Friday, supported by gains in heavyweight banking stocks.The BSE Sensex rose 231.99 points, or 0.3%, to close at 75,415.35, while the NSE Nifty 50 gained 64.60 points, or also 0.3%, to settle at 23,719.30.Investor sentiment remained mixed as Brent crude oil prices climbed more than 2% to trade above $105 per barrel amid continued uncertainty over a potential U.S.-Iran agreement.Meanwhile, the Indian rupee extended its recovery against the U.S. dollar, strengthening to 95.7 after touching a record low of 96.96 earlier in the month. Market participants continued to track intervention measures by the Reserve Bank of India aimed at stabilizing the currency.In earnings news, Minda Corp. (NSE:MINDACORP, BOM:538962) surged nearly 8% after fiscal fourth-quarter consolidated profit rose sharply to 1.25 billion rupees from 520.3 million rupees a year earlier.Sun Pharmaceutical Industries (NSE:SUNPHARMA, BOM:524715) declined over 2% despite reporting a higher fiscal fourth-quarter consolidated net profit of 27.1 billion rupees, compared with 21.5 billion rupees a year ago.Suzlon Energy (NSE:SUZLON, BOM:532667) gained nearly 2% after receiving a repeat 195 MW order from Sunsure Energy for a project in Karnataka, the company said in an exchange filing on Friday.
