India's Minda Corporation gains on block deal

Minda

16/06/2023 07:12

** Shares of Minda Corporation  MINC.NS  rise as much as
4.86% to 292.30 rupees
    ** Uptick after 361,898 shares of automotive components
maker change hands in a block as of 11:37 a.m IST, at a price of
285.50 rupees per share
    ** Trading volume is 1.60 mln shares as of 11:37 a.m. IST,
1.4 times the 30-day avg - Refinitiv data
    ** Of the seven analysts tracking MINC, four maintain
"strong buy", one suggests "buy" and two recommend "hold";
median TP is 297 rupees
    ** Stock up 42.61% in 2023 so far, compared to nearly 4%
rise in Nifty 50 index  .NSEI 
    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))