Hold Minda Industries, target price Rs 1060: ICICI Direct

ICICI Direct has hold call on Minda Industries with a target price of Rs 1060. The current market price of Minda Industries Ltd. is Rs 1040.65.

Time period given by analyst is one year when Minda Industries Ltd. price can reach defined target.

Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 29733.09 Crore) operating in Auto Ancillaries sector.


Minda Industries Ltd. key Products/Revenue Segments include Electronic Components, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2135.05 Crore, up 32.72 % from last quarter Total Income of Rs 1608.69 Crore and up 44.50 % from last year same quarter Total Income of Rs 1477.57 Crore. Company reported net profit after tax of Rs 92.20 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 67.47 per cent stake in the company as of 30-Sep-2021, while FIIs owned 9.22 per cent, DIIs 13.71 per cent.