Minda Industries rose 1% to Rs 1,168.80 at 12:05 IST on BSE, with the stock extending previous sessions' gains triggered by the company announcing that it has fixed 14 September 2016 as record date for 5-for-1 stock split.
Meanwhile, the S&P BSE Sensex was down 131.71 points or 0.46% at 27,946.85.
On BSE, so far 422 shares were traded in the counter as against average daily volume of 3,418 shares in the past one quarter. The stock hit a high of Rs 1,175 and a low of Rs 1,161.85 so far during the day. The stock had hit a record high of Rs 1,249 on 23 May 2016. The stock had hit a 52-week low of Rs 475 on 8 September 2015. The stock had underperformed the market over the past one month till 19 August 2016, falling 1.21% compared with 1.04% gains in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 5.96% as against the Sensex's 10.54% rise.
The mid-cap company has equity capital of Rs 15.87 crore. Face value per share is Rs 10.
The stock had gained 2.11% to settle at Rs 1,156 on Friday, 19 August 2016 after the company made the announcement of fixation of record date for stock split after market hours on Thursday, 18 August 2016.
On consolidated basis, Minda Industries' net profit jumped 98.7% to Rs 27.14 crore on 43.7% growth in net sales to Rs 759.81 crore in Q1 June 2016 over Q1 June 2015.
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Minda Industries is part of UNO Minda. UNO Minda is a technology leader in auto components industry and a leading Tier 1 supplier of proprietary automotive solutions to original equipment manufacturers (OEMs).
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