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1 Comment
Minda Corporation Limited is currently in a long term uptrend where the price is trading 33.8% above its 200 day moving average.
From a valuation standpoint, the stock is 99.8% cheaper than other stocks from the Consumer Cyclical sector with a price to sales ratio of 0.8.
Minda Corporation Limited's total revenue rose by 10.2% to $7B since the same quarter in the previous year.
Its net income has increased by 18.9% to $495M since the same quarter in the previous year.
Finally, its free cash flow fell by 64.9% to $870M since the same quarter in the previous year.
Based on the above factors, Minda Corporation Limited gets an overall score of 4/5.
| ISIN | INE842C01021 |
|---|---|
| CurrencyCode | INR |
| Exchange | NSE |
| Sector | Consumer Cyclical |
| Industry | Auto Parts |
| Beta | 0.9 |
|---|---|
| PE Ratio | 23.65 |
| Dividend Yield | 0.4% |
| Target Price | 156.86 |
| Market Cap | 64B |
Minda Corporation Limited manufactures and sells automobile components and parts. It offers electronic and mechanical security systems, including ignition switch cum steering locks, smart key systems, mechatronic handles, and immobilizers systems; die casting components, such as aluminum high pressure die casting and compressor housing products; and starter motors and alternators. The company also provides information and connected systems comprising instrument clusters; wiring harnesses, steering roll connectors, and junction boxes; and positional, temperature, and speed and exhaust gas temperature sensors. In addition, it offers plastics and interiors, including air vents, glove boxes, centre consoles, cup holders, ash trays, louvers, oil slumps, cylinder heads, and battery trays; aftermarket products, such as filters, clutch plates, bearings, wiper blades, brake shoes and pads, locks, window regulators, and control cables; and products related to electric vehicles, connected systems, antenna, and surface mounting technology. The company offers its products for two and three wheelers, passenger vehicles, commercial vehicles, and off-road vehicles. It operates in India, the rest of Asia, Europe, North America, and South America. The company was formerly known as Minda Switch Auto Pvt. Ltd. and changed its name to Minda Corporation Limited in 2007. Minda Corporation Limited was founded in 1958 and is based in Noida, India. Minda Corporation Limited is a subsidiary of Spark Minda, Ashok Minda Group.
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