The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.
Revenue from operations during October-December 2021 rose seven per cent to Rs 2,181 crore, compared with Rs 2,031 crore in the year-ago period
Budget 2022 can spark much awaited upside in the EV related stocks
Minda Industries hit a record high of Rs 1,179, rallied 7% in intra-day trade today, surged 37% in past 11 trading days as the company announced a fresh round of capex and investment spends.
Capacity expansion in alloy wheels will tap into premiumisation trend
The company has entered into JV with FRIWO AG Germany to manufacture and supply various EV components in the Indian subcontinent with a planned capex of Rs 390 crore in the next six years.
when the overall market translates form a negative sentiment to a positive outlook, the consolidating stocks are expected to robustly breakout on the upside