India's Minda Corp hits record high on block deals

Minda

28/08/2023 09:49

** Shares of Minda Corporation Ltd  MINC.NS  rise as much as
5.4% to an all time high of 326.1 rupees
    ** About 1.88 mln shares of the auto-component maker changed
hands in five block deals as of 2:00 p.m. IST - Refinitiv data
    ** Trading volume at ~4.9 mln shares, 5x the 30-day avg of
~970,000 shares as of 2:00 p.m. IST 
    ** Average rating of seven analysts covering stock at
equivalent of 'buy'; median PT is 296 rupees - Refinitiv data
    ** Stock up ~59% so far this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))