 "Minda Industries")
The stock of auto component maker, Minda Industries (Minda) hit its 52-week high on Tuesday extending its gains over the past week to 17 per cent. The near-term trigger for the stock is the announcement of a joint venture (JV) which, coupled with expansion plans, is expected to expand its addressable market and improve revenue trajectory going ahead.
Post market hours on Friday, the company announced that it is forming a joint venture with Germany’s FRIWO to supply electric vehicle (EV) parts for the two and three wheeler segments. The German company makes battery management systems, onboard and offboard chargers,
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