Minda Inds spurts as ICRA upgrades rating assigned to company’s bank facilities

09 Dec 2014 Evaluate

Minda Industries is currently trading at Rs. 601.20, up by 8.25 points or 1.39 % from its previous closing of Rs. 592.95 on the BSE.

The scrip opened at Rs. 590.20 and has touched a high and low of Rs. 614.40 and Rs. 590.20 respectively. So far 2147 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 655.00 on 12-Nov-2014 and a 52 week low of Rs. 167.00 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs. 637.00 and Rs. 574.50 respectively. The current market cap of the company is Rs. 959.85 crore.

The promoters holding in the company stood at 70.90 % while Institutions and Non-Institutions held 2.91 % and 26.19 % respectively.

Credit rating agency, ICRA has revised the ratings assigned to bank facilities of Minda Industries. The credit rating agency has upgraded the rating assigned to long-term facilities from ‘A-‘ to ‘A’.

Besides, it has also upgraded the rating assigned to short-term facilities from ‘A2+‘ to ‘A1’. The outlook rating on long-term rating is stable.

Minda is the third-largest company in the local auto-lighting business, with 18 per cent market share.

UNO Minda Share Price

1066.90 -13.05 (-1.21%)
22-Nov-2024 16:59 View Price Chart
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