Minda Industries gained 2.98% to Rs 1,020.55 at 15:13 IST on BSE on barging hunting after a recent sell-off witnessed in the counter amid weakness in broader market.
Meanwhile, the S&P BSE Sensex was up 67.42 points or 0.2% at 32,990.54. The S&P BSE Mid-Cap index gained 0.21%, outperforming the Sensex.
On the BSE, 15,000 shares were traded on the counter so far as against the average daily volumes of 15,897 shares in the past one quarter. The stock had hit a high of Rs 1,050 and a low of Rs 965 so far during the day. The stock had hit a record high of Rs 1,356.65 on 25 January 2018 and a 52-week low of Rs 424.20 on 17 March 2017.
The mid-cap company has equity capital of Rs 17.34 crore. Face value per share is Rs 2.
Shares of Minda Industries had fallen 12.26% in the previous four trading sessions to settle at Rs 991.05 yesterday, 19 March 2018, from its close of Rs 1,129.55 on 13 March 2018.
On a consolidated basis, Minda Industries' net profit rose 27.1% to Rs 66.10 crore on 26% growth in net sales to Rs 1056.16 crore in Q3 December 2017 over Q3 December 2016.
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Minda Industries is a supplier of automotive solutions to original equipment manufacturers (OEMs).
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