Trending stocks: Minda Industries shares slip over 3%

NEW DELHI: Shares of Minda Industries traded 3.49 per cent down in Wednesday 's trade at 10:50 am.

Around 29595 shares changed hands on the counter. The stock opened at Rs 247 and touched an intraday high and low of Rs 247 and Rs 227.2, respectively, in the session so far.

The stock quoted a 52-week high of Rs 425.25 and a 52-week low of Rs 209.8 .


The auto component maker said it has decided to suspend manufacturing operations of its Spainish arm Clarton Horn, following lockdown announced by the country's government there to curb spread of coronavirus pandemic.

Financials
Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 6268.30 Crore) operating in Auto Ancillaries sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1326.84 Crore, down -2.41 % from last quarter Sales of Rs 1359.58 Crore and down -9.74 % from last year same quarter Sales of Rs 1470.09 Crore Company has reported net profit after tax of Rs 53.45 Crore in latest quarter.

Minda Industries Ltd. key Products/Revenue Segments include Electronic Components which contributed Rs 1987.43 Crore to Sales Value (94.65 % of Total Sales), Sale of services which contributed Rs 76.30 Crore to Sales Value (3.63 % of Total Sales) and Other Operating Revenue which contributed Rs 35.97 Crore to Sales Value (1.71 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 70.78859 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 1326.84 crore and net profit of Rs 53.45 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 27.54 and price to book value of 3.1 .