India's Minda Corp hits record high

Minda

29/11/2023 10:11

** Shares of automotive parts maker Minda Corporation
 MINC.NS  rise as much as 11.7% to a record high of 375.4 rupees
    ** Stock set to rise most in a month since April, if gains
hold
    ** The Moving Average Convergence Divergence (MACD) line
moved above the signal line on Wednesday, suggesting bullish
bias - LSEG data
    ** Trading vol was 6.3x the 30-day daily avg, topping 8 mln
for the first time and highest since Jan 4, 2022
    ** Avg rating of the 5 analysts on MINC is "buy" and median
PT is 297 rupees - LSEG data
    ** Stock closed 11% higher, extending YTD gains to 81.9%




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))