Minda Industries share price: Buy Minda Industries, target price Rs 440: ICICI Direct

ICICI Direct has buy call on Minda Industries with a target price of Rs 440. The current market price of Minda Industries Ltd. is Rs 395.

Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10746.62 Crore) operating in Auto Ancillaries sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1465.04 Crore, up 251.24 % from last quarter Sales of Rs 417.11 Crore and up 7.76 % from last year same quarter Sales of Rs 1359.58 Crore Company reported net profit after tax of Rs 84.48 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 70.9 per cent stake in the company as of June 30, 2020, while FIIs held 10.26 per cent, DIIs 7.47 per cent and public and others 11.4 per cent.

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