Minda Industries surged 4.41% to Rs 308 at 12:51 IST on BSE after the company said it has bagged an order worth Rs 50 crore from Volkswagen for the supply of headlamps and rear combination lamps for its upcoming models in India.
The stock hit a high of Rs 309.75 and a low of Rs 295.55 so far during the day. The stock had a 52-week high of Rs 341.90 on
The company’s current equity is Rs 10.51 crore. Face value per share is Rs 10.
The current price of Rs 308 discounts its Q4 March 2008 annualised EPS of Rs 17.09, by a PE multiple of 18.02.
Minda Industries is conducting feasibility studies for setting up a new lighting plant at Bawal in Haryana. The company expects the turnover from lighting division to contribute Rs 225 - 250 crore to the top line in the next two years.
Minda Industries’ net profit rose 64.5% to Rs 4.49 crore on 23.3% fall in net sales to Rs 95.47 crore in Q4 March 2008 over Q4 March 2007.
The company is engaged in manufacturing automotive parts and accessories. The company's product includes switches and lamps.
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